Oireachtas Joint and Select Committees

Wednesday, 15 July 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Photo of Ciarán LynchCiarán Lynch (Cork South Central, Labour)
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Thank you. I propose to just deal with one question with you, Mr. Corrigan, and then we'll take a very, very short comfort break, and return maybe in about three or four minutes. So just one question, if I could maybe begin, and I just want to get ... it's at page 7 of your own witness statement there of this morning, Mr. Corrigan, and it's the first full paragraph actually on the page, where you refer to being "a member of the team of Irish officials who were directed by the Minister for Finance to enter into discussions with the EU Commission, [the] ECB and [the] IMF in mid-November 2010", later to become known as the troika. On the same theme as this, could I put it to you, and ask you, did the NTMA commission a subordinated liability study upon their own authority or was it upon the request of the Minister's instruction?