Oireachtas Joint and Select Committees

Wednesday, 8 July 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Photo of Pearse DohertyPearse Doherty (Donegal South West, Sinn Fein) | Oireachtas source

But the question I asked you earlier on was when was the first indication or suggestion that capital may be needed for the banks? And you talked about the PwC report in November.

What I'm saying to you, is this not a suggestion that capital may be required by banks which were locked out of the capital markets for months at that stage, or at least one of them was locked out, and therefore the inevitability of the State having to step in would be ... is that not the case?

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