Bank of Ireland's former chief executive says the government expected his bank, and AIB, to "provide the solution" on the night of the bank guarantee.

Brian Goggin has told the Oireachtas Banking Inquiry that the government only considered guaranteeing Anglo Irish Bank AFTER other banks agreed to give it emergency loans to keep it alive.

He's described September 29th, 2008 - the day and night the guarantee was agreed - as "the worst day of his life".

And he says the government were clearly relieved when AIB and Bank of Ireland said they'd be able to stop Anglo defaulting the next day.

Our political correspondent Gavan Reilly filed this report for Today FM's National Lunchtime News: