Dáil debates
Thursday, 30 September 2010
Bank Guarantee Scheme
10:30 am
Brian Lenihan Jnr (Dublin West, Fianna Fail)
The core central case scenario identified by the regulator is the figure in respect of which the Government is capitalising the bank. On a cash basis, a return of capital to the Exchequer at the conclusion of the period of the existence of the institution and the heavy discounting of the subordinated debt should, if anything, reduce that figure further. It is difficult to put a figure on that.
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