Michael McGrath (Cork South Central, Fianna Fail) | Oireachtas source

It is reasonable to ask why they did not transfer it out. The answer probably is that it was Government policy that there would be a gradual wind down of IBRC up to 2020. This particular tracker bond, as the Minister calls it, was due to mature over the next number of months so they had a reasonable expectation that it would be allowed to mature in full and they would realise the full value of the investment. It has a structured deposit element, as the Minister's reply indicated. Is there any way to separate the deposit element from the equity linked aspect of the investment product and at least secure the deposit element of it for the investors?

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