Oireachtas Joint and Select Committees

Wednesday, 1 July 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Ms Ann Nolan:

Well, I suppose the one thing I will say is that nationalising Anglo, when it did happen in the following January, did not stop the outflow of funds in Anglo. So, the suggestion which seems to be in this document, that merely nationalising would stop all the outflow of funds from the system, our experience ... subsequent experience was not that that was the effect of nationalisation. So, you know, apart from that, that's really all I can say-----