Oireachtas Joint and Select Committees

Thursday, 21 May 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Mr. John Hurley:

Yes, I felt that the view was that, yes, we understand subordinated debt, we understand the tiering of subordinated debt and that it wouldn't ordinarily be included, but here was a situation of extraordinary volatility. There was a view of crossover in terms of investors so do we take that risk or do we not?

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