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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