Oireachtas Joint and Select Committees

Thursday, 16 July 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

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

Okay. So just to clarify that now, the ... we understand that the institutions signed the deed of acceptance on the 24th and returned it to the Department as such. Would that have been when they were legally covered by the guarantee? I know it took a ... it was backdated but that's the day that they were legally bound. Or was it 29 October when, by statutory instrument, the Minister specified the banks covered by the scheme?

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