Oireachtas Joint and Select Committees
Wednesday, 3 July 2013
Joint Oireachtas Committee on Finance, Public Expenditure and Reform
Review of ECOFIN Matters under Irish EU Presidency: Discussion
3:55 pm
Michael Noonan (Limerick City, Fine Gael) | Oireachtas source
The hierarchy is equity, subordinate bondholders and senior bondholders. If one has to go further for additional assets, one goes to the depositors, for whom €100,000 is guaranteed. On the same line preference is given to larger deposits of natural persons and SMEs. What is part of the bail-in at that point is corporate deposits.
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