Most of the bonds outstanding from the Irish banks at that time were not in practice bailable because they were either Government guaranteed or asset-covered bonds. The corridor discussions related to a figure of about € billion of unguaranteed bonds, of which the two gone-concern banks accounted at stage for less than a third.
Distinguished guests, ladies and gentlemen, I have been asked to speak today on Central Bank perspectives on the outlook for banking in Africa, focusing in particular on the following issues: the role of central banks and major banks in regional integration; latest trends and experiences, and lessons learnt.