Oireachtas Joint and Select Committees

Thursday, 2 July 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Mr. Brian Cowen:

No, I don't believe that it was brought to my attention; I don't recall it being brought to my attention. As I say, my understanding of this thing was that the financing of this authority was based on levying of the financial industry and balances being available from the Central Bank to fund their aspect of it, so it was really ... so this ... if it was an issue that they were looking for some redeployment, that would be an internal management issue - I don't believe it was brought to my attention - an internal management issue between IFSRA and the Department.

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