Oireachtas Joint and Select Committees
Wednesday, 15 July 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Pearse Doherty (Donegal South West, Sinn Fein) | Oireachtas source
At 1.50 a.m. Can I ask you finally, in relation to an e-mail that we see from William Beausang to Brendan McDonagh - we can pull it up on the screen, if you wish, it's DOF03309-001 - this is where it says:
Brendan
We met with [...] SG [which I presume is yourself, Secretary General] this morning and he raised the following issue for us to follow-up with the NTMA.
He said he want [to analyse] from the NTMA to crystallize the issues that might be expected to arise for our sovereign rating in the event that the State provides a guarantee for all the deposits / credits of the domestic banking system or would have to provide substantial funding (e.g. M[errill]L[ynch] analysis suggests this could run up to €100bn?) for institutions [...] into the protection regime and for the banking system [...] generally
First of all, was ... is SG yourself?
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