Oireachtas Joint and Select Committees
Thursday, 3 September 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Mr. Peter Fitzgerald:
It wasn't known and certainly I’m aware now that the chairman and chief executive at the time would have contacted AIB, Bank of Ireland, etc. That was news to me on hearing about it post event.
What I did know was their reasonably strenuous interactions, and perhaps at board level as well, with the Financial Regulator and perhaps the Central Bank about the funding position of the bank and the deteriorating funding position of the bank. So, anecdotally, I would have heard that in the corridors of the bank but in terms of trying to partner the bank or, you know, sell the bank or merge the bank with another entity, I hadn't insight into that.
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