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
Mr. Cathal Sheridan:
Anglo Irish Bank is a particular bank. When the BRRD was being developed, the authorities would have looked at the level of losses for many of the other banks and the general view would have been that an 8% bail-in of liability and capital plus the 5% of the resolution fund would have covered the vast majority of banks that got into trouble.
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