Oireachtas Joint and Select Committees

Thursday, 2 July 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Mr. Brian Cowen:

Well, I recall the Secretary General at the time, David Doyle, who was a member of the NTMA, saying to me that there would be ... that the NTMA would look for ... would be looking for a written instruction if it was a case that they were going to lodge some money in the bank because they had taken a policy not to lodge overnight money with Anglo Irish Bank. I asked him for his view on that and he said that maybe it was an instruction that could be issued and I went with that proposal.

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