Oireachtas Joint and Select Committees
Wednesday, 24 September 2014
Joint Oireachtas Committee on Finance, Public Expenditure and Reform
General Scheme of European Stability Mechanism (Amendment) Bill 2014: Discussion
5:20 pm
Stephen Donnelly (Wicklow, Independent) | Oireachtas source
The technical note with which the committee was provided said that as we go through the cascade the creditor haircut - the first bail-in involving equity bondholders - is 8% of the losses, and that the national resolution fund for the SRM, which I guess that is all moving towards, is another 5% of the losses. Is that the case?
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