Oireachtas Joint and Select Committees

Thursday, 9 July 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Ms Cathy Herbert:

He was irritated by it. Brian Lenihan was only ever irritated briefly. I mean, not long afterwards he said to me, you know, "The Governor had his own pressures. He's a member of the ECB. He's independent in the exercise of his duty." He had appointed him as Governor and he got over it. Now, I mean, it didn't have a serious impact, I think, on the discussions, you know, the possibility of, for instance, our corporate tax rate becoming an issue. But that was in the days before Governor Honohan made his announcements. That had been an issue and as Kevin Cardiff says in his evidence, it was raised at a very senior level with them.

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