Oireachtas Joint and Select Committees

Wednesday, 6 May 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Photo of Michael McGrathMichael McGrath (Cork South Central, Fianna Fail)
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On page 8 of your opening statement you make reference to a meeting on the weekend of 6-7 September 2008, where, at the request of the Central Bank, a colleague and yourself attended a series of meetings in the Central Bank to discuss potential liquidity support from BOI and AIB for INBS. And you say, "I recall being shocked and shaken by the lack of information available to the executives of INBS and the Central Bank of Ireland on the liquidity position of INBS". "Shocked and shaken" - why Mr. Boucher?