Oireachtas Joint and Select Committees

Thursday, 4 April 2013

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Recovery and Resolution Framework for Financial lnstitutions: Discussion

3:30 pm

Photo of Michael McGrathMichael McGrath (Cork South Central, Fianna Fail) | Oireachtas source

Is it the intention that that omission, as I would regard it, will be filled during the negotiations? Will more flesh be put on the bones concerning what one does with the losses at that point in the bail-in, after shareholders and subordinated bondholders have been hit? Will that be fleshed out or could it be left the way it is, which is inconclusive?

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