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. Mr. Farrell if we can go to the ... just picking up what Deputy Phelan was talking about. If we can go to page 64, again of the core documents, this is the amendment to the Asset Covered Securities Act. And I want to go the point where you say that, despite the fact that the Government, this is a Government recommendation, or a memo to Government, a memo to Cabinet. Despite the fact that you said that you didn't draft the legislation, although it stated in this report that you did ask for McCann Fitzgerald, I think ... yes, McCann Fitzgerald to draft the legislation. You say that something was drafted, but it would have been just points.

The final Bill would have been drafted, as you said, by the draftspeople of the Houses of the Oireachtas, but the job that McCann FitzGerald did on behalf of the IBF in terms of what's said here is the draft legislation, did it look like draft legislation?

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