Richard Boyd Barrett (Dún Laoghaire, People Before Profit Alliance) | Oireachtas source

Can Mr. Carrigan be more specific? Naturally, banking resolution has been on the agenda for some time. However, something fundamental occurred which coincided with events in Cyprus. The European authorities' first reaction to that crisis was essentially to pursue what the Government has pursued hitherto in Ireland and elsewhere which was to say that we cannot burn senior bondholders. Then, lo and behold, within three days of protests the issue of burning senior bondholders came on the agenda and was accepted and agreed. Now, we seem to be discussing a banking resolution regime which is rather different and under which it is possible to burn senior bondholders, something we had been told for the past four years was not possible. My question is not about whether there was a proposal to have a new banking resolution regime - I know there was - but about the shift in terms of what that banking resolution regime would be and whether it would and could involve the burning of senior bondholders. That is what I am asking. When did that come out?