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Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)

Enda Kenny: I recall what you're talking about. I attended at a meeting with the principals of Anglo Irish Bank in their headquarters prior to the crash and did so with Deputy Bruton and a number of others from the Fine Gael Party. And there was a-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)

Enda Kenny: I don't have the ... I can follow up with the exact date-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)

Enda Kenny: -----for you but I think it was 2008, Deputy. And there was a presentation given there by a senior member of Anglo about the structure of their bank and the way that loans were approved and mortgages were approved and that this was a very stable, strongly performing bank and all of that. The Mr. Moran you refer to was at that meeting. I didn't speak to him at that meeting because the...

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)

Enda Kenny: -----in any event, I had no conversation of any substance with Mr. Moran.

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)

Enda Kenny: Well, it may have ... it may have been two. I can't-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)

Enda Kenny: -----confirm that to you. I may have made a call and ... that he wasn't there or whatever.

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)

Enda Kenny: No, I have no recollection of informing Mr. Moran of anything of substance in so far as either Fine Gael's propositions or whatever else was going on.

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)

Enda Kenny: I would have no knowledge of Anglo Irish Bank. My only connection with them ever was at the ... at a formal meeting that I attended as part of a group of Fine Gael people going to see all of the banks and Anglo made their presentation in their headquarters and Mr. Moran was there.

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)

Enda Kenny: No.

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)

Enda Kenny: No, it was never my business to be in contact with senior members of banks in the first place. I made the call because I was asked to do it by his brother, that he had wanted to say something to me. I reject that assertion and that allegation in that newspaper report, or in that e-mail, completely.

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)

Enda Kenny: No, all I said was that I was asked to make a call to him, that he had wanted to say something to me, or so I was led to believe. He didn't say anything to me.

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)

Enda Kenny: Of any substance about any banks. And I gave ... I would have given no information whatsoever because I wouldn't be in possession of that information-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)

Enda Kenny: I don't recall mentioning anything about Fine Gael policy position in so far as recapitalisation would be concerned. I certainly would have said, as everybody would have evidence of around the country, that things were getting very difficult for business.

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)

Enda Kenny: I would never discuss Fine Gael policy or Government policy with anybody unless it was appropriate to do so and certainly not with bankers.

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)

Enda Kenny: Well I can't recall mentioning a recapitalisation to anybody. Obviously, Fine Gael had a policy position in respect of Anglo Irish which ... We were the first party, I think, to outline what we thought should happen to it.

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)

Enda Kenny: Gabh mo leithscéal?

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)

Enda Kenny: I think Fine Gael were obviously very concerned about what was happening to businesses and credit in the country and the situation. While the cracks had been there before 2007, obviously the people made their decision in a general election. Fine Gael adopted a policy position in respect of banks and Deputy Bruton would have all the details of that because he presented his proposals to the...

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)

Enda Kenny: Mine is switched off, to be honest with you.

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)

Enda Kenny: Is that for me?

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)

Enda Kenny: Well, clearly, we opposed the structure of financial regulation that had been put in place by the previous Government. Deputy Bruton will expand on the reasons that he led Fine Gael's opposition to that legislation in the Dáil, and for very good reason. We expressed concerns about the direction of the economy more generally up to 2007, including a credit growth which I pointed out in...

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