Oireachtas Joint and Select Committees

Thursday, 25 June 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Photo of Michael D'ArcyMichael D'Arcy (Fine Gael) | Oireachtas source

The discussions held with the ECB, in particular, Governor, in relation to the burden-sharing for bondholders both senior and subordinated, they were held and they were ... the possibility of burning senior bondholders, raised on a number of occasions. Could you shed some more light on the ECB's refusal and then, subsequently, in a number of years later, we had the bailing-in of bondholders in other jurisdictions?

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