Central Bank’s Honohan to clarify statements to Banking Inquiry

Central Bank’s Honohan to clarify statements to Banking Inquiry
Patrick Honohan

The governor of the Central Bank will today return to the Banking Inquiry to clarify statements he made to it in January.

Patrick Honohan told the inquiry that he believed Anglo Irish Bank should have been allowed to fail.

He also said former Finance Minister - the late Brian Lenihan - had wanted to nationalise Anglo and Irish Nationwide, but was overruled.

Honohan wrote to the Banking Inquiry last month saying he wished to clarify statements he made during his evidence on January 15.

Issues he raised in the letter will be discussed when he reappears before the inquiry at 3.30pm this afternoon.


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