Oireachtas Joint and Select Committees

Thursday, 2 July 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Mr. Brian Cowen:

Well, it was ... to my honest ... my honest recollection is that it wasn't brought to my attention. I hope I'm correct in saying that. I genuinely don't recall that. But I would have thought ... my point to you back is I'm just trying to figure out, if they're being funded by the financial industry and the Central Bank, it's just a matter of levying. Why don't they just levy? I mean, I know they have annual budgets, but there surely is sufficient flexibility if they wanted six people. They weren't depending on Exchequer funds to do it is the point I'm making to you, and, therefore, maybe, they have the same problem as we would have in the public service doing that. I doubt it, but I can't explain it. You'd have to ask the people concerned that were dealing with it.

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