Oireachtas Joint and Select Committees
Wednesday, 6 May 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Mr. Richie Boucher:
I would say that weekend was a weekend when, on a personal basis, I realised the extent of the issues in the system were very, very serious. I was ... I believe ... I can't remember exactly ... our chief executive got a phone call from the Central Bank asking if we could provide ... if we could have people available to the meeting ... to a series of meetings to discuss support for Irish Nation ... sorry ... a building society and the chief executive asked myself and ... obviously because I was at retail in Ireland and had experience ... and also a colleague of mine who was head of our wholesale division and would've had a good understanding of treasury markets, etc. Prior to the meeting, I asked my chief executive whether we were provided with any information to help us analyse the problem before we went to the meeting. I went to the meeting ... it was primarily ... the meetings primarily took place on the Sunday of the 7th.