Oireachtas Joint and Select Committees
Thursday, 15 January 2015
Committee of Inquiry into the Banking Crisis
Context Phase
Pearse Doherty (Donegal South West, Sinn Fein)
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He was director up to 2007 until Hypo Real Estate bought DEPFA out. As Professor Honohan has acknowledged, the damage was done in the period leading up to 2007.
My point was about the relationship. For example, it has been reported extensively that DEPFA Bank - the German bank at that time - in 2001 lobbied the Government in terms of the Asset Covered Securities Act which was introduced in 2002.