Oireachtas Joint and Select Committees

Wednesday, 27 May 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Mr. Tony Grimes:

My recollection is that the core of the meeting was concerned with discussing a Merrill Lynch report around the same time. Now, it may not have been the same meeting precisely at which the Taoiseach, you know, attended because the meetings at that time over that particular weekend tended to merge, and it was very hard to know which was which, but ... over the same day, if my memory is right, the extent of Merrill Lynch report, which was commissioned by the Department, was discussed in some detail. And I think the date of that was around that period as well. I might be wrong about the particular date but just to reiterate, I have a strong memory that the purpose of the meeting that the minute refers to was not just about the possible solvency situation of one or two institutions.