Oireachtas Joint and Select Committees

Wednesday, 27 May 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Mr. Tony Grimes:

There were discussions in general terms about the tensions in the markets and, in particular, how the ECB would respond in terms of liquidity issues and over that, if you like, over that time there were a lot of very special liquidity interventions, some of them co-ordinated by the Bank of England and the Fed and the Swiss Bank, so a lot of the attention focused, you know, on the global markets and the role that the ECB could play in this area as part-----