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
Gerry Horkan (Fianna Fail)
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-----and if the losses were recognised immediately then the banks were insolvent, and all of the promissory notes and other aspects would needed to have been equity injections rather than loans, with the consequent difference to losses and so on.