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
3:40 pm
Michael McGrath (Cork South Central, Fianna Fail) | Oireachtas source
What is the current legal position? I understand that, aside from ECB policy, one of the reasons senior bondholders were not burned was that they ranked pari passu with depositors. They were equal in law. Is that still the case under Irish law?
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