Oireachtas Joint and Select Committees
Thursday, 4 April 2019
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
Matters Relating to the Banking Sector: Bank of Ireland
Pearse Doherty (Donegal, Sinn Fein) | Oireachtas source
Even though the title is there and the bank will continue to service them - and please correct me if I am wrong - the proceeds from them that will go to the SPV but there is a still for the bank. The risk is, hypothetically, if everybody defaulted, that the SPV would have a call on the bank. Is that correct?
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