Oireachtas Joint and Select Committees

Wednesday, 27 May 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Mr. Tony Grimes:

I do, in the sense that by the time that meeting was held - I think it was held on 26 September. I mean, the stability issues for the State were emerging. I mean, all around us it was ... and at the end of a period after Lehmans when so many banks, globally, had failed, there was a huge amount of tension. So, when that meeting was held, it was definitely in the context of, you know, a financial stability issue and, you know, the minute refers, in the final paragraph, I think, to the various options that were on the table. So that's the context in which the meeting was held and that's the context in which my memory of the meeting was formulated.