Oireachtas Joint and Select Committees

Thursday, 16 July 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Photo of John Paul PhelanJohn Paul Phelan (Carlow-Kilkenny, Fine Gael) | Oireachtas source

Okay. I want to reference your opening statement, Mr. Ó Ríordáin. Paragraph 13.1 and quote it directly, where you said in the middle of that paragraph that "we had a limited interaction with the IMF in respect of the legal manner in which senior bondholders could participate in burden sharing." Can you, within the parameters that were operating in here today, outline to the inquiry the nature of that interaction that you had?

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