Oireachtas Joint and Select Committees

Thursday, 16 July 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Mr. Eugene McCague:

Yes, I think ... yes, in my witness statement, I said there had been a number of discussions throughout the night on liquidity and also on solvency of those two institutions and if I could maybe just run you through those briefly. As I think I explained in my written statement, I only arrived to the meeting shortly before the representatives of Bank of Ireland and AIB came into the room. So I suppose the first people I heard expressing their concerns were those representatives, and it was absolutely evident from them, and you've heard this evidence yourselves, that they were extremely concerned about Anglo and the contagion effect of Anglo.

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