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

Mr. Aidan Carrigan:

I am not sure I understand the question. I understand the control of large capital flows would be a matter of supervision, which will be dealt with in the first place by the capital requirements directive that controls the capital retained by particular institutions and the necessary liquidity and capital buffers that must be in place. The supervisor would have to monitor the ongoing performance of institutions on a much closer basis under the CRD and with the new single supervisory mechanism in place.

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