Oireachtas Joint and Select Committees

Thursday, 9 July 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Dr. Michael Somers:

No. There was a proposed investment in Bank of Ireland, which I think was €100 million or something - I don't know if this is what you're referring to - which I actually opposed and you may ... I may or may not have got the records of the National Pensions Reserve Fund Commission, because I insisted on outlining what my objections were to this and I mean, I let it go to the board because I said, "Well, why should I stop it? Maybe it's a good idea", but I was completely opposed to it and I was outvoted five to one, I think, on it.

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