Oireachtas Joint and Select Committees

Thursday, 2 July 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Mr. Brian Cowen:

You know, I don't know what went on at the Central Bank meeting. If someone is complaining, "Oh, we were told, 'Don't put that into the Central Bank', you can tell him that directly''. What I'm saying to you is, you know, in 2005 and 2006, he would explain the downside risks. It wasn't, sort of, come in and have a five-minute chat. He'd sit down and go through it methodically and bring you through it, as you would expect him to. And there were times, maybe, when he would emphasise something, and I would have thought, "Well, is it that strong on that side?" But he'd explain, you know, so I just want to say ... I don't want anyone to get the impression that he was any way blasé about reporting to his Minister. He wasn't-----

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