Oireachtas Joint and Select Committees

Thursday, 9 July 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Mr. Brendan McDonagh:

Dr. Somers would be the person to answer that but I think the NTMA, in seeking a direction, was sending a very strong signal back to the Department of Finance and to the Minister that we weren't going to do this off our own bat and that we were only going to do it on the back of a direction. And whatever conversations occurred between Dr. Somers and Mr. Cowen who was then Finance Minister, I was not privy to, Senator.

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