Oireachtas Joint and Select Committees

Thursday, 30 July 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Mr. Mike Aynsley:

Yes. Firstly, let me take issue with the first part which is it wasn't significantly ahead of the cap. It was on the cap. The cap was set under the CIROC guidelines and there were aspects within the CIROC report ... the CIROC guidelines. And my package, which, by the way, I didn't structure, it was offered to me, there were aspects that I negotiated around ... moving here. It was a structure that was arrived at by the bank in conjunction with the Department of Finance and the Minister. And the Minister personally signed off on it on the basis that it complied with all aspects of the CIROC guidelines. Now, you know, the level of these things ... I know this is a lot of money but, you know, there's a market and if you want to bring people to the country to resolve issues, there's a price.

Comments

No comments

Log in or join to post a public comment.