Oireachtas Joint and Select Committees

Thursday, 4 April 2013

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Recovery and Resolution Framework for Financial lnstitutions: Discussion

4:10 pm

Photo of Ciarán LynchCiarán Lynch (Cork South Central, Labour) | Oireachtas source

To develop Deputy Dooley's point, if, let us say, we faced a catastrophic situation - if we had a change of Government and were back to terrible management of the economy and governance we were used to, which got us into the earlier difficulties - would there be enough bells and whistles in this system to let us know we were approaching that difficulty before we get to what would be described as a meltdown?

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