Oireachtas Joint and Select Committees

Thursday, 3 September 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Photo of Pearse DohertyPearse Doherty (Donegal South West, Sinn Fein) | Oireachtas source

Okay. Finally, can I ask you in relation to bondholders and the debate that has been going on and we have discussed this in the inquiry as well in relation to the burning of bondholders, what was the view, to the best of your knowledge, or were you aware of the view of people in the market as to whether, for example, subordinated bondholders should have been burned or whether senior bondholders should have burned that bought their bonds that were sold in the secondary market? Was there a perception out there that this would happen?

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