Oireachtas Joint and Select Committees

Thursday, 9 July 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Dr. Michael Somers:

I was ... no, I was around for the weekend but I wasn't asked or involved with any of the meetings that took place, so I wouldn't have seen it till some time thereafter. And I went off then on Monday morning, John Corrigan and myself took the 10.30 flight to New York. We were not aware that there was any particular crisis because if there was we could have stayed. We were going to New York to meet with ... it was in connection with the National Pensions Reserve Fund. We were meeting various entities we'd invested money with and were meeting others that had ideas about how we could maximise the return on the pension fund. But if we'd known there was any kind of a crisis or anything along, around, we could very easily have changed our arrangements.

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