Oireachtas Joint and Select Committees

Wednesday, 15 July 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Mr. Pat Farrell:

Not particularly, because, I mean, the primary focus on that weekend was obviously around domestic banks and the guarantee for the domestic banks, guaranteeing the stability of the system and ensuring that banking could function, and continue to function, in the aftermath of it.

That was what I think was dominating everybody's minds. I think that's what was dominating the minds of the man in street. And I think it was hardly a primary source of focus for anybody, what was actually happening in relation to IFSC banks.

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