Oireachtas Joint and Select Committees

Wednesday, 27 May 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Mr. Tony Grimes:

I think at the stage that we are talking about, which was spring of 2008, there was probably an awful lot ... there was not a lot that, you know, we might have been able to do. What we were doing all the time, in the background of course, was working on the contingency arrangements and they had been in place since the beginning of 2008, in fairly serious terms, in terms of what the authorities would actually do.