Oireachtas Joint and Select Committees

Wednesday, 17 December 2014

Committee of Inquiry into the Banking Crisis

Context Phase

1:45 am

Mr. Peter Nyberg:

As I said before, a wide-ranging investigation of a systemic issue is always better than a very limited one. Of course, at some point, one has to draw the line somewhere. I would imagine that the committee will have to make up its own mind on whether the views of the ECB at the time of the guarantee, for instance, were vital. They might have been more important later; that is possible. However, what the commission knows, or found out, was that there had of course been discussions between the Irish Central Bank and the ECB, as the crisis developed.