Oireachtas Joint and Select Committees
Wednesday, 6 May 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Mr. Cormac McCarthy:
No, I don't believe that was ... most ... again, a lot of the companies that you refer to would have been dormant companies or what are known as special purpose vehicles, and most of the, kind of ... most of the lending and the banking would have been done in either of those three legal entities you mentioned. So to the best of my knowledge, certainly by the time I left, there was not an issue with multiplicity of companies causing security or collection issues. And I'm not aware that there was any subsequently, although I may be wrong. I very much doubt it.