Oireachtas Joint and Select Committees

Thursday, 9 July 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Mr. Brendan McDonagh:

No, in fairness to the Department of Finance officials, everybody was under massive pressure. The banks were losing liquidity rapidly. There was no information coming on the banks from the Central Bank or the Financial Regulator. Any of the questions we were ... at the meetings we were asking, sort of, simple questions about what was our liability profile, what was our assets profile. We weren't getting that information back so there was a dearth of financial information-----

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