Oireachtas Joint and Select Committees

Wednesday, 29 July 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Mr. John Gormley:

If I have time to read a note there it might be helpful to you, and it's a note from my colleague, Eamon Ryan, and it's about the nationalisation of Anglo, which you referred to. And what Eamon Ryan said to me, because obviously he knew I was coming before the committee, he said that at a meeting of the North-South council in late November, Brian Lenihan told him about the revelations he had been told about the Maple Ten share-buying arrangement. In early January Brian Lenihan told him about the INBC-Anglo balance sheet transfer and he says as he recalled he shared the info with Dan Boyle on that occasion. The decision to nationalise Anglo was actually made in a meeting in Brian Lenihan's office which was attended by Eamon Ryan, Brian Lenihan, David Doyle, Cathy Herbert.

Again, Eamon Ryan would have talked to us subsequently about that before it went to Cabinet, so that's the information that I have in relation to that.

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