Oireachtas Joint and Select Committees

Thursday, 30 July 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Mr. Mike Aynsley:

I don't think so. It's close. I think ... I think it could have been if we'd let it. I think, you know, there was ... and that was part of the conflict ... there was this ongoing push-back because of the recognition that there were very many conflicting elements that needed to be considered and, you know, if we'd conducted certain activities in conjunction with the Department of Finance, it may have had a direct impact and caused a default and accelerated and created a cessation of business risk for us ... or an event. So, you know, we had to push back on many, many things. So, I think the answer is "No, there wasn't", but there could have been.

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