Brian Lenihan Jnr (Dublin West, Fianna Fail)

I do not have that information to hand. Merrill Lynch staff were constantly on call and available up to and during the guarantee period, during subsequent discussions with the financial institutions, in connection with the decisions surrounding the nationalisation of Anglo Irish Bank, and in decisions surrounding the capitalisation of Bank of Ireland and AIB. As Merrill Lynch had been retained otherwise than by way of tender due to the urgent circumstances of the time, the NTMA took the view that it was desirable to re-tender for the business. Perhaps because of changes in world economic conditions, Rothschild tendered at a very reasonable rate for the services.

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