Oireachtas Joint and Select Committees

Tuesday, 28 May 2019

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach

Matters Relating to the Banking Sector (Resumed): Pensions and Investment Research Consultants Ltd

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Mr. Cormac Butler:

Exactly. Having said that, when the loan is revalued downwards the lender is going to lose money, which will eat into the capital. Once that is done, however, there should not be a need for extra capital.

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