Oireachtas Joint and Select Committees

Wednesday, 27 May 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Mr. Tony Grimes:

Yes, it would, but you have to recall that it's quite normal that banks would access ECB funding. I mean, it's a normal state of things, so the fact, you know, that some individual institutions are constantly accessing funds is, in itself, in no way remarkable. It's not ... I mean, what would be remarkable is probably a very significant increase, okay, in the amount of funding taken from the ECB.