Oireachtas Joint and Select Committees

Thursday, 9 May 2013

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Six Month EU Scrutiny Report: Discussion with Department of Finance

11:15 am

Mr. Aidan Carrigan:

What the Deputy is referring to as burning senior bondholders is technically referred to as the bail-in arrangements.

The bail-in has been an integral part of the resolution proposal since it was published well in advance of what happened in Cyprus. It was part of the agenda for the resolution-----

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