Oireachtas Joint and Select Committees

Wednesday, 27 May 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Mr. Tony Grimes:

I would have thought so, to be honest ... I mean, the intensity of interaction between all, you know, of the authorities, was extremely high at that time. The DSG came into effect, I think, some time formally in either 2006 or in 2007 and from that time there was a lot of interaction between all the authorities, not just at the level of the DSG principals but, you know, down a layer or two, and I would have thought that between the formal communication as part of the DSG but also the very frequent informal contacts that there should have been no doubt at all at the level of the departments about the information that we had and the concerns that we had.