Oireachtas Joint and Select Committees

Thursday, 2 July 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Mr. Brian Cowen:

No, it never came to that, actually, so there might well have been discussions ... I think you have to understand that the regulator can have discussions with banks, A, B, C, D, E and F, without telling the rest of them what he's doing, and not necessarily telling me either; I mean, he has a role to play himself. I wasn't aware, I don't recall being told that at that point, there's a need to consider guaranteeing liquidity cover from bank A to bank B.

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