Pearse Doherty (Donegal South West, Sinn Fein) | Oireachtas source

I noted the Minister's speech today about the lessons that have been learned, and I welcome the fact that the burning of bondholders is now accepted as the norm in the future. We are not suggesting at this point that the banks may need more capital, because we do not have the evidence, but there are stress tests and the troika are even insisting that we test this before they bid us farewell. I take the Minister's point that his view is that the banks are well capitalised, but if it transpired that one of the banks needed additional capital under the bail-in rules, would it be our shareholdings that would take the first hit?