Oireachtas Joint and Select Committees

Wednesday, 15 July 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Photo of Michael McGrathMichael McGrath (Cork South Central, Fianna Fail) | Oireachtas source

Yes. I suppose the context of that question is: was there any suggestion then, or right up to the point where the decision was made to guarantee the banks, that we may have to put capital in behind our decision, that the banks may need additional capital because of loan losses that are coming down the track? Was that ever suggested? Was it ever there in the background to the decision?

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