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

Pearse Doherty: You were informed at this meeting that you refer to in your statements that AIB and Bank of Ireland were not in support of a six-bank guarantee-----

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

Pearse Doherty: -----and that they would need to be got on board with such an option.

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

Pearse Doherty: Well, the wording that we have, that's available to the public, is this third bullet point from the bottom is ... this is from the Governor ... "There would be a need to talk to the two banks which to date have been negative on such a proposal."

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

Pearse Doherty: You don't include that part in the minute.

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

Pearse Doherty: No.

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

Pearse Doherty: You've included all of the other minute, but you've deleted ... or not deleted, sorry-----

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

Pearse Doherty: You've-----

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

Pearse Doherty: You've left out a paragraph which talks about the fact that AIB and Bank of Ireland were not supportive of this proposal to date and that there would've been a need for the Governor to-----

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

Pearse Doherty: -----talk to them.

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

Pearse Doherty: And is your information that the discussions in relation to this proposal was with how many banks and which banks?

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

Pearse Doherty: It's not me.

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

Pearse Doherty: But, sorry, there was actually detail, just to-----

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

Pearse Doherty: -----put that on the record, because we have the evidence. There was ... you were informed that discussions would need to take place with the AIB and Bank of Ireland, and you were informed that AIB and Bank of Ireland did not support a six-bank guarantee.

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

Pearse Doherty: My question is to you: were you informed in relation to whether that issue, as you say, was discussed with the major banks? Was Anglo Irish Bank one of the banks that this issue was discussed with prior to this meeting?

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

Pearse Doherty: So, you know what happened with AIB and Bank of Ireland-----

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

Pearse Doherty: -----that there was previous discussions about a six-bank guarantee-----

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

Pearse Doherty: -----but not with Anglo Irish Bank or any other banks.

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

Pearse Doherty: Okay, can I ask you in relation to going back, unfortunately, to the issue on Druids Glen and you talk about your conflict in terms of the privacy that you've had and the confidentiality that you've kept in relation to clients or people that you've provided advice to and the fact that you felt that you needed to make a public statement to bring clarity to the public in this matter? Can I ask...

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

Pearse Doherty: I appreciate that and in relation to ... did you give any thought to the fact that you were making a public statement that this dinner and this discussion happened in an open forum in a hotel with a Garda driver present where, indeed, the substantial discussion happened in a private residence behind closed doors with no garda present and only the Taoiseach and three other connected senior...

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

Pearse Doherty: Okay.

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