Oireachtas Joint and Select Committees

Wednesday, 29 July 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Mr. Alan Merriman:

Again, I don't recollect, myself, in terms of making any personal representations etc., etc. I know Fergus Murphy was here last week and he confirmed that five years is a particular idea he floated. I think the wider context would be that at that point in time, five years from, you know, a Fergus Murphy perspective was seen as being more prudent and more in sync with some other markets and would allow for a greater period of stability. And, as we've all seen, unfortunately, it's taken quite some time for this market to adjust.

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