Oireachtas Joint and Select Committees

Thursday, 3 September 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Photo of Michael McGrathMichael McGrath (Cork South Central, Fianna Fail) | Oireachtas source

The full amount was lost, okay. In his statement to the committee Mr. Kevin Cardiff stated that ILP was set to run out of money by Thursday, 2 October 2008. You covered some of this earlier on. What was your assessment of your bank's liquidity and solvency position on the days leading up to the night of the guarantee and the night of the guarantee itself and, indeed, the subsequent days?

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