Oireachtas Joint and Select Committees
Thursday, 16 July 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Mr. Pádraig Ó Ríordáin:
Not really, because what would have happened ... no, because all the ECB would have taken at that stage in terms of collateral would have been publicly-traded instruments so as ... rather than packaged loans, for example. And that was one of the issues that the banks faced in relation to liquidity because they couldn't just package loans and give them to the ECB. So that was the position in respect of that.