Oireachtas Joint and Select Committees

Thursday, 2 July 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Photo of Kieran O'DonnellKieran O'Donnell (Limerick City, Fine Gael) | Oireachtas source

Mr. Cowen, can I go back to the issue in terms of the Quinn Group and the contracts for difference and you received a phone call from Seán FitzPatrick I think around the ... was it 17 March '08? Now, the domestic standing group in the Department of Finance and with the Central Bank were considering the issue of the contracts for difference and the overall Quinn Group in early 2008. I suppose the question is, were you kept abreast of what type of discussions were being carried out and what type of analysis was being carried for the domestic standing group on the Quinn Group both in terms of the contracts for difference, in terms of ... and also in terms of the exposure, the potential exposure that the Quinn Group might bring to Ireland itself? Both in terms of their exposure-----

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