Oireachtas Joint and Select Committees

Wednesday, 31 October 2012

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Operations and Functioning of IBRC: Discussion

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11:10 am

Mr. Jim Bradley:

That is correct. Structurally, the ELA is an emergency facility. Any income inflows are used to pay down the ELA liability, irrespective of where they are sourced from.

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