Oireachtas Joint and Select Committees
Wednesday, 4 September 2013
Joint Oireachtas Committee on Finance, Public Expenditure and Reform
Overview of Financial Sector: Discussion with Ulster Bank
4:15 pm
Mr. Jim Brown:
We have been involved in those discussions. The key point is that approximately two thirds of the unsecured debt is with the banks and we have worked through that process as part of the discussions the IBF facilitated. Separately we are involved in discussions facilitated by the Central Bank on how to deal with unsecured debt other than that at the banks.
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