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
Michael McGrath (Cork South Central, Fianna Fail) | Oireachtas source
A resolution fund was established in Ireland under the 2011 Act. How much money is in the fund? I understand €250 million was put in last year and that an equivalent amount is to be invested this year. Has part of the fund been drawn down by credit unions in need of additional capital and have we started to levy the financial institutions to repay the Minister the money he put in on behalf of citizens?
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