Oireachtas Joint and Select Committees

Thursday, 16 July 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Mr. Pádraig Ó Ríordáin:

Well, I think you'd have had to do that before the guarantee was given, and, you know, with any guarantee, you can put conditions on it and you can limit it, but I think in the circumstances that would have voided the guarantee of its effect really, which was to give people confidence in effect, depositors, for example, and other people confidence so they could continue to do business with the bank.