Oireachtas Joint and Select Committees
Wednesday, 15 July 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Mr. Dermot McCarthy:
In parallel with the internal preparations, obviously there were discussions going on which started, I think, in October, as I recall, when the normal consultation with the Commission would be happening as part of the general, I suppose, liaison and oversight arrangements at that time. And that developed then into the precautionary discussions that Kevin referred to on foot of the pressure to engage in a programme of assistance. So during that process, things which would appear ultimately in the recovery plan were certainly being discussed in substance with the Commission and IMF people but they weren't party to the drafting, shall we say.
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