Oireachtas Joint and Select Committees
Thursday, 3 September 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Mr. David Gantly:
I'd say ... my own view, and I think it would, and it certainly would have been shared, I think, by quite a few market participants that I would know, was that, as I said, equity bore the full cost. So, you know, accordingly, that subordinated debt, which counted as capital, should have been fully hit. I think straying into the senior side of it, I'm actually not sure.
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