Ireland’s Elderfield: we’ll not haircut senior debt
Matthew Elderfield, head of financial regulation at the central bank of Ireland, on Wednesday confirmed that senior bondholders in Allied Irish Bank (AIB), Bank of Ireland, Educational Building Society (EBS) and Irish Life & Permanent (ILP) will not face "action" as part of the country's process of rebuilding its shattered banking system.
Setting minds at rest after recent threats of burden sharing, Elderfield said "the government has taken a clear decision that action will not be taken against
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