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Committee of Inquiry into the Banking Crisis: Nexus Phase (8 Jul 2015)

Ciarán Lynch: I'm not talking about the Merrill Lynch document, I'm talking about your-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (8 Jul 2015)

Ciarán Lynch: Okay.

Committee of Inquiry into the Banking Crisis: Nexus Phase (8 Jul 2015)

Ciarán Lynch: Can I come back and ask you the question: was Mr. Doyle at that meeting?

Committee of Inquiry into the Banking Crisis: Nexus Phase (8 Jul 2015)

Ciarán Lynch: And was Mr. Doyle aware that there was a position ... that Anglo would be nationalised or that could be considered at that meeting?

Committee of Inquiry into the Banking Crisis: Nexus Phase (8 Jul 2015)

Ciarán Lynch: And was-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (8 Jul 2015)

Ciarán Lynch: And was there an expression or an opinion offered by Mr. Doyle at that time in favour or against it or just an observation?

Committee of Inquiry into the Banking Crisis: Nexus Phase (8 Jul 2015)

Ciarán Lynch: Even though it was an item on the agenda, it was being discussed, Mr. Doyle gave no opinion in that regard?

Committee of Inquiry into the Banking Crisis: Nexus Phase (8 Jul 2015)

Ciarán Lynch: Okay, so I'll begin where I end on this. Why were the NTMA called that night and why were they outside the room?

Committee of Inquiry into the Banking Crisis: Nexus Phase (8 Jul 2015)

Ciarán Lynch: And when did you first become aware that the NTMA were outside the room?

Committee of Inquiry into the Banking Crisis: Nexus Phase (8 Jul 2015)

Ciarán Lynch: There were two persons-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (8 Jul 2015)

Ciarán Lynch: Okay, and when you found that out did ... how far evolved was the guarantee at that stage? Was it finalised or was it still under discussion?

Committee of Inquiry into the Banking Crisis: Nexus Phase (8 Jul 2015)

Ciarán Lynch: So you discovered the NTMA are outside the room, you have made a decision as to the shape of the guarantee-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (8 Jul 2015)

Ciarán Lynch: And so ... but you've just discovered now that the NTMA are outside the room?

Committee of Inquiry into the Banking Crisis: Nexus Phase (8 Jul 2015)

Ciarán Lynch: And you've been discussing all night-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (8 Jul 2015)

Ciarán Lynch: No, but they're, like, two significant people in the NTMA.

Committee of Inquiry into the Banking Crisis: Nexus Phase (8 Jul 2015)

Ciarán Lynch: Okay. But you discovered that there's two NTMA people outside the room, you haven't made a conference call to Mr. Somers and Mr. Corrigan that evening, you have shaped the guarantee as to how it would be presented in the morning. At any time during that period, did you say, "Well, maybe we just need to get their opinion on the design of it?", not the extended matters that were discussed,...

Committee of Inquiry into the Banking Crisis: Nexus Phase (8 Jul 2015)

Ciarán Lynch: Was the Governor aware that the NTMA were outside the room?

Committee of Inquiry into the Banking Crisis: Nexus Phase (8 Jul 2015)

Ciarán Lynch: Okay, all right.

Committee of Inquiry into the Banking Crisis: Nexus Phase (8 Jul 2015)

Ciarán Lynch: All right, thank you. Deputy?

Committee of Inquiry into the Banking Crisis: Nexus Phase (8 Jul 2015)

Ciarán Lynch: Yes, go on.

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