Oireachtas Joint and Select Committees

Thursday, 2 July 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Photo of Michael D'ArcyMichael D'Arcy (Fine Gael) | Oireachtas source

In evidence yesterday, Mr. Donal McNally ... he was a ... an official within the Department - you know Donal - stated that the SSIA scheme ... that there was no analysis prepared by the Department in relation to that.

That was passed to you subsequently when you became Minister for Finance. There was a bill of €2.5 billion for the Exchequer over the period. Would that have been unusual that the Department of Finance would have facilitated a scheme of this nature without having conducted analysis?

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