Oireachtas Joint and Select Committees

Thursday, 10 September 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Mr. Ajai Chopra:

Well, Senator, I think in the case of Ireland, these debts have been paid. But, you know, the issue of burden sharing is still very much a live issue in the context of the bank resolution and recovery directive that does include elements of burden sharing in the design of resolution. So that is now becoming a part of the European directives.

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