Oireachtas Joint and Select Committees

Wednesday, 24 June 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Mr. Kevin Cardiff:

It wasn't a negotiation that was entirely pleasant. It wasn't, a sort of a sense of "Let's all sit around and have a cup of tea and make this work, lads." It was ... the negotiations were quite combative so in that sense, I suppose, we weren't taking too much for granted. But in the end, the banks had the advantage in having access to the information much more closely than we did.