Oireachtas Joint and Select Committees
Wednesday, 11 March 2015
Committee of Inquiry into the Banking Crisis
Context Phase
Michael D'Arcy (Fine Gael)
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Professor Farrell made the point that if there was a better funded and structured committee system, the Government arguments, say, in regard to the bank guarantee, could have been tested. I refer to the evidence we have heard and discussed on the information given to the Government, and subsequently after the guarantee by PwC. PwC had six months in the banks to see whether they were solvent. In light of PwC going into the banks subsequently and finding they were solvent, how would a small number of individuals have been able to contest that argument when it had access which maybe a committee would not have had? How could it be tested under those circumstances, given the evidence we have heard?