Oireachtas Joint and Select Committees

Wednesday, 8 July 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Mr. Brian Cowen:

Your counsel showed me something this morning. Have you got a copy of it there? It relates to ... it's an internal e-mail that refers to some issue regarding the State Guarantees Act 1954. That relates to, if you go back to the scoping paper relating to work that was being done in the domestic standing group regarding the question of the guarantee, making sure there were sufficient powers available if you were ever to do a guarantee, as a contingency planning measure. I see it there now. That's what that's about. It's not cc'ed to me, by the way, so I don't know, maybe it's not that one at all. That's the only one that's been shown to me.