Oireachtas Joint and Select Committees

Wednesday, 22 April 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Mr. Brendan McDonagh:

There was ongoing discussions with the Department of Finance about the amount of deposits we placed with the banking system, and the NTMA took a very pragmatic view that we would put a certain amount on deposit with the banking system and we would maintain those deposits if the Department of Finance and the Minister for Finance asked us to continue to do so.