Oireachtas Joint and Select Committees

Thursday, 16 July 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Mr. Pádraig Ó Ríordáin:

Not really, because what would have happened ... no, because all the ECB would have taken at that stage in terms of collateral would have been publicly-traded instruments so as ... rather than packaged loans, for example. And that was one of the issues that the banks faced in relation to liquidity because they couldn't just package loans and give them to the ECB. So that was the position in respect of that.

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