Oireachtas Joint and Select Committees

Thursday, 16 July 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Mr. Paul Gallagher:

All interlinked but still importantly separate. Every resolution measure that was put forward was available and we were ready to go with it.

So I don't think people have clarified what resolution solution they are talking about that should have been available and wasn't. The resolution measures that were available were: a guarantee, which is a form of resolution; secured lending; nationalisation; ELA; transfer of assets. All of those were available.

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