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Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)

Susan O'Keeffe: Everything was shared.

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)

Susan O'Keeffe: Okay, and did anything coming from there change your view in any way?

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)

Susan O'Keeffe: In the information that you gave to ... in that ... one of those e-mails that you referred to - on 28 September - you say that "We have not had the opportunity to discuss the comments with management of the three institutions." I'm not clear, reading from the summary report and reading from the e-mail ... at what point did you talk to management about what you were saying and what they were...

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)

Susan O'Keeffe: Why was that? Was that because-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)

Susan O'Keeffe: -----they wouldn't meet you or because there wasn't time?

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)

Susan O'Keeffe: And do ... should it ... I mean, by the time you were going into that meeting on the 28th, should you not have had that opportunity to talk to senior management before you went into that meeting?

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)

Susan O'Keeffe: Was there at all a sense that you were trying to keep Anglo going to the next weekend at that point. So, this would have been the Sunday - at that meeting - and you would've had meetings in those few days. Was there a sense at all that that's what you were trying to achieve?

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)

Susan O'Keeffe: There's been a lot of discussion about, you know, trying to keep Anglo going to the next weekend and; nobody wanting to intervene or do anything during the week.

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)

Susan O'Keeffe: So sorry, when you say the depositors wouldn't be able to distinguish between Anglo and AIB, why?

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)

Susan O'Keeffe: Thank you, Chair. Mr. Gray, did you give any advice to the Taoiseach or anybody else in the Government relating to the troika bailout, or the establishment and operation of NAMA, or the nationalisation of Anglo Irish Bank?

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)

Susan O'Keeffe: No, that's fair enough so, Chair, you'll just amend the time. Thank you. Yes, please.

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)

Susan O'Keeffe: Mr. Gray, you have, as I think one of my colleagues has asked you, you've done consultancy work for very many Government Departments over the years. That's correct. I think you also worked for the Department of Industry and Commerce at one stage.

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)

Susan O'Keeffe: And you worked for the Central Bank as well when you were younger, I think.

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)

Susan O'Keeffe: And just to check, forgive me, you said you did some consultancy work for the Bank of Ireland but not for any other banks. Is that correct?

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)

Susan O'Keeffe: And did you do consultancy for the Quinn Group, or for Quinn Insurance or for any of the Quinn Group?

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)

Susan O'Keeffe: No, okay. When you were appointed to the board of the Central Bank, you say in one of your annexes that you decided to talk to some of the heads of departments and the management team, I think, in the Central Bank.

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)

Susan O'Keeffe: You took it upon yourself to talk to them. When you did that, did you speak to Mr. Frank Browne?

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)

Susan O'Keeffe: Yes.

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)

Susan O'Keeffe: Did you speak to Mr. Browne?

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)

Susan O'Keeffe: That's fine, I am just checking. That's fine. On the night of the guarantee when you got the phone call from Mr. Cowen, can you recall, Mr. Gray, what time it was when you got that call?

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