Oireachtas Joint and Select Committees
Wednesday, 9 September 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Professor Alan Ahearne:
It was neutral on it ... once the decision was made to liquidate it, the Central Bank claimed the promissory note. So that was just normal Central Bank operations. The Central Bank could've held the promissory note. They decided with the Government that it was everybody's advantage to convert the promissory note into a regular Government bond, but it could've held the promissory note.
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