Oireachtas Joint and Select Committees
Wednesday, 6 May 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Pearse Doherty (Donegal South West, Sinn Fein)
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Okay. Mr. Boucher, I'd like to refer to book of evidence, BOI, Vol. 2, page 17, and the reference is BOI02042001. This is an extract from the minutes of the court of directors meeting on 21 October 2008 and it deals with a meeting between the Bank of Ireland executives and the Financial Regulator, at which the issue of recapitalisation was raised. The minutes say "Messrs. Goggin, O'Donovan and Donovan took the opportunity to outline the case for early recapitalisation by Government as set out in ... paper which has been circulated to the Court and the desirability of early consolidation." Can I ask you, Mr. Boucher, does the paper on recapitalisation by Government exist?