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

Pearse Doherty: Oh, it's reported at a later stage.

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

Pearse Doherty: Yes, well, I'll ask the question then-----

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

Pearse Doherty: -----and you may be able to respond. That article said that you rang Mr. Moran twice on 17 and 18 November 2008 "to brief him on both Fine Gael and the then Fianna Fail-led government strategy". Mr. Kenny, can you confirm or not to the inquiry as to whether these conversations took place? What was the purpose of these conversations, if they did take place? Who initiated the conversations?...

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

Pearse Doherty: What timeframe is prior to the crash? Just to-----

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

Pearse Doherty: Okay.

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

Pearse Doherty: Okay. Was-----

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

Pearse Doherty: Was it one call or two calls? The article says it was twice.

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

Pearse Doherty: Okay.

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

Pearse Doherty: Okay. Mr. Kenny, Mr. Moran, in the article continues to talk to say that Mr. Moran in an e-mail to David Drumm said ... and, again I'm quoting from the paper. It says, "Enda says we are to be an 'offshoot' of [Bank of Ireland]." Did you inform Mr. Moran that this was-----

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

Pearse Doherty: The article also says ... and some of this is coming from e-mails between the senior executives of Anglo. Mr. ... it also reports ... says that Mr. Kenny said, "Also some 'noise' about Anglo but nothing specific." Can you recall as to what you meant by "some 'noise' about Anglo" or is that something that you-----

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

Pearse Doherty: Okay. Again, the article ... in an e-mail from Mr. Moran to Drumm, it says, "Enda K called ... Said that today a lot of rumour circulating in Leinster Hse concerning deal with BoI (Bank of Ireland) and ILP (Irish Life and Permanent." Were you informing senior executives of Anglo Irish Bank as to-----

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

Pearse Doherty: -----conversations?

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

Pearse Doherty: Okay, can you tell us what you said to Mr. Moran, from the best ... your recollection?

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

Pearse Doherty: He didn't say anything to you on the phone.

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

Pearse Doherty: So this is, okay, this is after the guarantee and prior to recapitalisation. It also is reported that you said "Getting very rough on the ground for business, said Bruton", which is Minister Richard Bruton, "issued a statement this afternoon pushing for a bank recap." And it's understood that, actually, that statement was issued on that same day. Did you mention that to Mr. Moran?

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

Pearse Doherty: But you did not discuss recapitalisation of the banks-----

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

Pearse Doherty: Okay. So you didn't discuss the issue of recapitalisation with Anglo Irish Bank on that telephone call?

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

Pearse Doherty: Why were Fine Gael pushing for bank recapitalisation at that time, which is late November 2008?

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

Pearse Doherty: Why were Fine Gael pushing for bank recapitalisation at that time?

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

Pearse Doherty: Can I ask, Deputy Bruton, you were very critical of the tax reliefs in your opening statement in relation to the property tax reliefs and indeed Mr. Kenny outlined them in his opening statement. Can I ask you, Mr. Bruton, why did you table an amendment in the Finance Bill in February 2004 looking for an extension of the tax reliefs to allow for, not full planning permission to be required,...

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