Oireachtas Joint and Select Committees

Thursday, 16 July 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Mr. Pádraig Ó Ríordáin:

Yes, I think there certainly was. So there was ... when we came in there was already a very advanced Bill that had been prepared by the Attorney General's office, which dealt with nationalisation and which also had sections in there enabling the Minister to provide financial assistance to individual banks. So that was all very much in train. So the work that we did, essentially, over those couple of days was just to maybe help, you know, perfect that and give our views in relation to it so the Attorney General's office could take that on board. But that legal infrastructure was already prepared.

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