Oireachtas Joint and Select Committees

Wednesday, 17 December 2014

Committee of Inquiry into the Banking Crisis

Context Phase

3:00 am

Mr. Peter Nyberg:

Yes and no. Let us put it this way. If there had been a common will, not only among the institutions but among the politicians as well, that the early resolution regime was what Ireland needed, certainly it would have been possible. Why should it be technically impossible in Ireland since it has not been technically impossible anywhere else? The question is really, was the will in place or was it not? My reading of the discussion is that there really was not, partly for political reasons possibly, partly because not all authorities were convinced that this was needed----