Oireachtas Joint and Select Committees
Thursday, 3 September 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Kieran O'Donnell (Limerick City, Fine Gael) | Oireachtas source
Can I go to page 4 of your statement? It is in your role dealing with investor relations. You said:
Throughout 2008 the international crisis escalated. The inherent difficulties surrounding the entire banking industry, and specifically Anglo Irish Bank's position as a small player in the banking pool, was compounded by shareholder issues. By these I refer to Sean Quinn's [contracts for difference] investment in the Bank and [a] problem ... arising from its unravelling.
What was your involvement in the unravelling of the contracts for difference of the Seán Quinn investment?
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