Oireachtas Joint and Select Committees

Wednesday, 27 May 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Mr. Tony Grimes:

Yes. My recollection is that it was a stock-taking meeting. I mean, it was clear, even in the days before the guarantee, that we were facing, you know, important issues, and very serious issues as regards the liquidity of the banking system. It was one of a series of meetings at the end of the previous week. I think the date of the meeting in question is the 26th, which, I think, is the Thursday or Friday of the weekend before the guarantee. It was one, you know, of a series to discuss options, to hear the latest information that we all had on the state of the banking system and on the state of individual banks. So, that was the purpose of the meeting.