Oireachtas Joint and Select Committees

Thursday, 28 May 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Photo of Eoghan MurphyEoghan Murphy (Dublin South East, Fine Gael) | Oireachtas source

Well, I mean, I think I've pursued it, Chair, as far as we can if the regulator is saying that you don't recall ... I mean, I think it's amazing that the Central Bank, without trying to pass a judgment, would be thinking that the Financial Regulator might seek to have this included in legislation that was being drafted at that time by the domestic standing group for which you were responsible. It ended up in a €1.2 billion payout to shareholders, which the taxpayers then had to fund.

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