Oireachtas Joint and Select Committees

Thursday, 3 September 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Mr. Matt Moran:

I think, Chairman, we had advisers - an investment bank from the UK, a global investment bank - who was advising the bank on multiple issues, including the raising of capital to bolster capital - including rights issues - takeover, be taken over, halo investors. And that was a consequence of the flux, as you say, in the market at the time. So there was intense involvement and, indeed, that was part of my life throughout that period, looking at how do you underscore or underpin the balance sheet given the way the economics were beginning to change.

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