Oireachtas Joint and Select Committees
Thursday, 2 July 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Michael McGrath (Cork South Central, Fianna Fail) | Oireachtas source
But is it the case that since the summer of 2007, the NTMA had started to move deposits out of the Irish banks because of growing market concern about the Irish banks, that there was some soft pressure placed on the NTMA from the Central Bank or the Department of Finance to put money into the Irish banks and the NTMA insisted on a letter of instruction from the Minister, a letter of comfort as such, in order to do that?
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