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

3:40 pm

Mr. Aidan Carrigan:

We are in the realms of speculation as we do not have an ESM for recapitalising banks at the moment. We do not have a resolution directive or regulation at the moment either. The very purpose of bringing these matters to a conclusion in the coming months, in terms of the way the ESM and resolution will operate, is to establish the certainty the Deputy seeks.

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