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

The NTMA had prepared a document - it would have been after your departure - but prepared a document in relation to the burning of subordinated and senior unguaranteed bondholders at the time when we went into the troika bailout. The question I was asking you, because this debate was still ongoing in a public way, was there ever a concern or expectation raised by those in the markets, people that you would have spoken to, that this may happen, not that they may have supported it but that it may happen? Was there a view that this was a risk for them or-----

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