Oireachtas Joint and Select Committees

Thursday, 16 July 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Mr. Pádraig Ó Ríordáin:

Well, I suppose, that actually happened here to a certain extent in relation ... once IBRC was liquidated. The promissory notes, for example, that were held at the Central Bank of Ireland at the time ... the Central Bank would have become the owner of the promissory notes and then they were restructured from there. So that's probably the primary example.