Oireachtas Joint and Select Committees

Wednesday, 9 September 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Mr. Alan Gray:

Well, my understanding ... so I'd have no detailed knowledge of why something wasn't taken or not but it was very clear at that critical Central Bank emergency board meeting on the 25th that options had been considered, that the advisers were doing further work, that the Central Bank and regulator were being asked to refine and examine the options over that weekend, including ... and NTMA were at that meeting to give advice to the Government early the following week. So in terms of could anything else have been done, I am not privy to that Deputy.

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