Oireachtas Joint and Select Committees

Wednesday, 15 July 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Mr. John Corrigan:

Well, in ... it's a very good question, Deputy. In normal times, probably up to six months. In more strained times, like in 2013 when we were coming out of the programme, we had to have 12 to 15 months visibility. So it's a bit of a moveable feast but it ... certainly when we had to cancel options, which was totally unprecedented, even if you had six months' funding ahead, you couldn't see beyond that and the clock runs fairly quickly in those circumstances.


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