Oireachtas Joint and Select Committees
Wednesday, 27 May 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Mr. Tony Grimes:
In more normal times it would be 80% or so to the non-Irish banks. That share would have varied of course as the crisis hit here ... and the non-Irish banks. But we had also issues with foreign banks who would not have been eligible to access ECB, you know, funding in their own jurisdictions, who might have had subsidiaries operating in Ireland, accessing funds through the subsidiaries here. And we were concerned about that because the impact of that was to raise the overall figure that had a profile and we were concerned about that.