Oireachtas Joint and Select Committees

Wednesday, 29 July 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Ms Mary Harney:

It was ... this is my memory now, sorry. I can check. My memory is it was a call from the Minister on Saturday morning or maybe late Friday night. It hadn't been changed, I think, since 1995 and there was a view that given what was happening, we needed to increase it to €100,000. It was felt on that occasion that that might have been adequate. Clearly, subsequently it proved not to be.

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