Oireachtas Joint and Select Committees
Thursday, 4 October 2018
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
Banking Sector: Quarterly Engagement with the Central Bank
9:30 am
Professor Philip Lane:
Any emergency funding from the Central Bank is intrinsically temporary in nature. This has been a very drawn-out process. As the Senator indicated, we had a different type of temporary funding from the IMF which we have paid off. The commitment was always that this would be temporary in nature.
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