Oireachtas Joint and Select Committees
Wednesday, 6 May 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Mr. Richie Boucher:
We were asked ... we were asked about ...to provide ... if we could provide support to Anglo Irish. From memory that was about 11 p.m., 11.30 p.m. We had a credit committee to decide the basis that we would be willing to provide that. Mr. Goggin participated in that. It was a formal credit committee because, obviously, it was a large exposure. Then Mr. Goggin came back, from memory Deputy, I would say around about 45 minutes, maybe an hour later. So slightly after midnight, I cannot remember exactly, but around about that time, to advise us that the Government had decided there was a guarantee for all of the banks. And at that stage then, you know, there were questions about were subsidiaries included, etc., what was included, what was not. And a couple of our colleagues, including our chief law officer, were asked to just confirm the licensed subsidiaries we had, i.e. licensed depositors and all that for inclusion in the discussions that Mr. Goggin was having.