Stephen Donnelly (Wicklow, Independent) | Oireachtas source

Mr. Boucher and his team are very welcome today. I would like to start with Mr. Boucher's thoughts on an issue that is not related to Bank of Ireland but rather concerns IBRC. Imagine if there was a company that owed Bank of Ireland €150 million and the market value of the company, which was insolvent and could not pay its debts was approximately €50 million. If the bank decided to sell the company and the €50 million was realised, that would leave the bank with a write-off of €100 million. Is there any situation in which the bank would condone a payment to the shareholders of several million euro which the bank would forgo as part of the total sale price?