Oireachtas Joint and Select Committees
Thursday, 7 November 2013
Joint Oireachtas Committee on Finance, Public Expenditure and Reform
Scrutiny of EU Legislative Proposals
6:50 pm
Seán Fleming (Laois-Offaly, Fianna Fail) | Oireachtas source
Mr. Dempsey mentioned the owners and shareholders taking losses. They all took a 100% loss on the Irish banks as well but it was not enough. They all lost. For anyone who had shares at €15 or €16, these were ending up at 11 cent. That was a complete loss as well. There is nothing new in shareholders taking a loss in a resolution situation.
It is late and I will leave it at that.
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