Oireachtas Joint and Select Committees
Wednesday, 29 July 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Mr. Alan Merriman:
Well, certainly at this point the discussion was there in relation to all the banks, and the context was the guarantee allowed one lift the limits and be comfortable with them. Prior to that I would have no recollection of any direct concern being raised about those two institutions from a lending perspective. But again I would emphasise that the lending would have been short term. These programmes are short-term programmes and we would have taken the comfort ... and again, look, you know, I say this in the context of what's happened, you know, all senior ... this was senior debt. All senior debt was clearly going to be stood over and was stood over.
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