Oireachtas Joint and Select Committees

Tuesday, 10 March 2015

Committee of Inquiry into the Banking Crisis

Context Phase

Mr. Simon Carswell:

I am not aware if it came up for specific discussion. There were representations made. Affidavits have emerged in more recent times which outline the accounts of each of the bankers who were in those meetings. I am sure the Deputy is aware of them. I think the representations that were made on that night by at least one of the banks was, "You need to take out Anglo Irish Bank and Irish Nationwide because they are major issues". They were causing problems for them. AIB and Bank of Ireland felt that having Anglo Irish Bank and Irish Nationwide Building Society not dealt with and the perception of the market that there was something very wrong with Anglo Irish Bank - Irish Nationwide Building Society was not quoted on the market-----