Oireachtas Joint and Select Committees

Tuesday, 10 March 2015

Committee of Inquiry into the Banking Crisis

Context Phase

Mr. Simon Carswell:

It is ECB ordinary funding. The issue with Anglo Irish Bank was - and this is what happened on the night of the guarantee - it ran out of assets that it could use as collateral to borrow. It ran out of its ability to raise money even with Central Bank support.