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

Kieran O'Donnell: Yes, within-----

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

Kieran O'Donnell: But for the ordinary man, the layman-----

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

Kieran O'Donnell: -----it covered all deposits of the banks, all senior bondholders and lower, tier 2 subordinated debt, not all subordinated debt.

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

Kieran O'Donnell: Okay, sorry.

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

Kieran O'Donnell: Okay. Secondly, I'm referring back to AIB, B1, Vol. 2 ... CBC ... C3b.

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

Kieran O'Donnell: C3b, yes.

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

Kieran O'Donnell: And it's page ... page 31. It's a memo from the Department of Finance-----

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

Kieran O'Donnell: -----for the meeting-----

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

Kieran O'Donnell: Correct.

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

Kieran O'Donnell: Now, there's a meeting that took place at 41 minutes past 12, so it's-----

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

Kieran O'Donnell: It's 00.41 on the top-----

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

Kieran O'Donnell: Okay.

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

Kieran O'Donnell: Was that the last meeting that you had with Government on the night of the guarantee?

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

Kieran O'Donnell: And when you left, were you under the distinct impression at that time that the guarantee that was going to be put in place would involve the four institutions, in terms of the type of guarantee that came out, and both Anglo and Irish Nationwide, as you say, would be taken our or would be dismantled?

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

Kieran O'Donnell: Were you ever informed that that liquidity would not be called upon by Government?

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

Kieran O'Donnell: And on the issue of liquidity-----

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

Kieran O'Donnell: -----and I am referring to the same-----

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

Kieran O'Donnell: -----book, and referring to basically what Mr. Sheehy has said-----

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

Kieran O'Donnell: -----did you have discussions in AIB on liquidity matters?

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

Kieran O'Donnell: Okay, and what-----

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