84 Deputy Gerry Adams asked the Minister for Finance if, given that Bank of Ireland‘s annual report shows that it has €417 million of outstanding subordinated debt liabilities, the holders of these €417 million subordinated debt liabilities represent subordinated note holders who gambled that he would not go through with using the Credit Institutions (Stabilisation) Act 2010 against note holders who did not participate in the subordinated buyback in July 2011; his views that this means that the taxpayer injected €291 million more into Bank of Ireland than would have been necessary had he used the powers available to him to force those who did not voluntarily participate in the nominal 70% haircut into participating. [16033/12]

Summary

84 Deputy Gerry Adams asked the Minister for Finance if, given that Bank of Ireland‘s annual report shows that it has €417 million of outstanding subordinated debt liabilities, the holders of these €417 million subordinated debt liabilities represent subordinated note holders who gambled that he would not go through with using the Credit Institutions (Stabilisation) Act 2010 against note holders who did not participate in the subordinated buyback in July 2011; his views that this means that the taxpayer injected €291 million more into Bank of Ireland than would have been necessary had he used the powers available to him to force those who did not voluntarily participate in the nominal 70% haircut into participating. [16033/12]

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• State Banking Sector

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