Oireachtas Joint and Select Committees
Wednesday, 21 January 2015
Committee of Inquiry into the Banking Crisis
Context Phase
Mr. Klaus Regling:
ELA stands for emergency liquidity assistance, provided by the national central banks. They also carry the risk but, of course, the ECB in Frankfurt keeps an eye on it. Brussels has nothing to do with that. I just do not know what happened in 2008 with ELA. That is something about which the Senator would have to ask Governor Honohan.