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. Scott Rankin:
Also, trying to swap the promissory notes for debt while the bank was in operation would have been problematic. The bank would probably have objected to that given that it would have extended the cash flows of which the bank was in receipt. When the bank was a going concern, I do not think it was a runner.
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