Oireachtas Joint and Select Committees

Thursday, 2 July 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Photo of Susan O'KeeffeSusan O'Keeffe (Labour) | Oireachtas source

So, basically, this document was saying that things are, you know, that things are serious - the level of activity in the interbank lending market is low, interbank rates remain high and so on, banks are currently executing contingency funding arrangements. So, from November 2007, at the very least, you, as Minister for Finance, would've been aware that your own authorities were telling you things were serious and that the banks were in a serious state. So, I want to ask you, whether you, as the Minister for Finance, organised any, if you like, emergency or contingency meetings where you called together - I know the domestic standing group was meeting - I'm asking-----

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