Oireachtas Joint and Select Committees

Thursday, 28 May 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Mr. Patrick Neary:

-----matter for central banks as to what action they might take, let's say, when the bank came under pressure. That they might, they might assume for example, that liquidity assistance might be available from a central bank and constructive ambiguity, I think that, that concept allowed the Central Bank to keep all those options at the table, on the table, without committing to any of them. That would be my interpretation of it.

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