Oireachtas Joint and Select Committees
Thursday, 16 July 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Joe Higgins (Dublin West, Socialist Party) | Oireachtas source
Good morning, Mr. Gallagher. Mr. Gallagher, you refer there to the Credit Institutions (Financial Support) Act 2008, enacted by the Oireachtas on 2 October 2008. Can you recall when work commenced in the Attorney General's office on the legal provisions which eventually became enshrined in that and, just to put it in context for you, I refer to a scoping document dated 24 January 2008 within the Department of Finance? The paper is called Financial Stability Issues - Scoping Paper, beginning to scope out the issues of crisis that are beginning to emerge and, under "Urgent Next Steps", it says, "Seek legal advice from the Office of the Attorney General as a matter of urgency on the legal issues highlighted in this paper."
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