Oireachtas Joint and Select Committees
Thursday, 14 December 2017
Public Accounts Committee
2016 Annual Report and Appropriation Accounts of the Comptroller and Auditor General
Chapter 3 - Cost of Bank Stabilisation Measures as at the end of 2016
Irish Bank Resolution Corporation Liquidation
9:00 am
Mr. Des Carville:
No, of unsecured creditors. There are two terms. Perhaps the Chairman is thinking of subordinated debt. In the waterfall of creditors, there are unsecured creditors, including the State. If and when all unsecured creditors are paid, the next swathe in the waterfall consists of subordinated debt holders.
No comments