Oireachtas Joint and Select Committees

Wednesday, 15 July 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Photo of Pearse DohertyPearse Doherty (Donegal South West, Sinn Fein) | Oireachtas source

Okay. Right. When ... you mentioned that the IBF weren't aware of the bank guarantee and you woke up that morning like everybody else. So, we have uncovered in this inquiry that discussions in terms of guarantees and, indeed, legislation were being drafted as early as April 2008. So, is it the IBF's position that they were unaware of any of that process of consideration of legislation or anything to do with that until after the announcement of the guarantee?

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