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

3:20 pm

Mr. Aidan Carrigan:

The Deputy is correct that the outcome of the debate will involve dealing with the high-risk activities of large financial groups separately from the lower-risk deposit and normal lending activities, and to try to ring-fence one from the other, whether it requires structural separation or otherwise.

With regard to the specific Central Bank issue, I do not know whether we have the right official from the organisation present to comment. We did not anticipate the question but we can look into it.

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