Oireachtas Joint and Select Committees
Thursday, 14 December 2017
Public Accounts Committee
2016 Annual Report and Appropriation Accounts of the Comptroller and Auditor General
Chapter 3 - Cost of Bank Stabilisation Measures as at the end of 2016
Irish Bank Resolution Corporation Liquidation
9:00 am
Mr. Scott Rankin:
I am not sure I understand the question, but the promissory note was used as an asset whereby the Central Bank was able to lend money to provide liquidity to the bank. Perhaps that is where the Deputy is coming from, that the Central Bank was creating liquidity by virtue of the fact that it had this as an asset.
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