Somers admits his relationship with Neary was ‘cosy’

THE former head of the National Treasury Management Agency (NTMA) has described as “cosy” his relationship with the Financial Regulator.

Speaking on RTÉ radio’s Marion Finucane Show yesterday, Michael Somers said he had a “very good relationship” with former Financial Regulator Patrick Neary.

“We’d a very good relationship with him... one never believed anything was going wrong — remember this was 2002 to 2004 — and during that period... we had a very good working relationship.”