Wednesday 7 December 2016

Former Finance Dept Secretary General Kevin Cardiff expected to 'strongly challenge' evidence given to Banking Inquiry

Published 14/06/2015 | 18:38

Kevin Cardiff at Leinster House yesterday. Photo: Tom Burke
Kevin Cardiff at Leinster House yesterday. Photo: Tom Burke

Former Secretary General at the Department of Finance, Kevin Cardiff, is expected to strongly challenge evidence given by former European Central Bank boss Jean Claude Trichet.

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Mr Cardiff is due to appear before the Inquiry this Thursday and it is anticipated that he will contradict comments made by Mr Trichet when he engaged with the Inquiry earlier this year.

Kevin Cardiff
Kevin Cardiff
Former Secretary General of the Department of Finance Kevin Cardiff

A summary of Mr Cardiff’s evidence to the Inquiry have been published in a Sunday newspaper, and this afternoon Mr Cardiff has stressed that he was not the source of the leaked information.

It is claimed Mr Cardiff  will say that the banks prepared their own version of a broad guarantee, which they pressed to be used on the night of the guarantee in September 2008. This is in contrast to evidence given by former AIB and Bank of Ireland bosses given at the Inquiry.

Mr Cardiff said that he tried to give a report to the inquiry which contained as much relevant information in an honest and fair manner. He said his proposed evidence needs to be read as a whole and not in a piecemeal fashion.

Independent TD Shane Ross said on the basis of the new information, former bank chiefs Eugene Sheehy and Brian Goggin should be recalled to the inquiry.

Jean-Claude Trichet
Jean-Claude Trichet
Jean-Claude Trichet
Eugene Sheehy
Bank of Ireland's ex-chief executive Brian Goggin

He said that it seems that "anti-democratic forces" pushed Ireland into the bailout.

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