Oireachtas Joint and Select Committees
Thursday, 20 December 2012
Joint Oireachtas Committee on Finance, Public Expenditure and Reform
Scrutiny of EU Legislative Proposals
2:45 pm
Ms Mary Burke:
The trialogue is used in a different context. Mr. Carrigan was talking in terms of the co-decision mechanism in Brussels. The Deputy is right, however, the ECB will supervise the banks to try to ensure the rules are being implemented and to take action if not. The rules are developed either by the European legislature or by the EBA.
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