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

3:50 pm

Mr. Aidan Carrigan:

There is a risk here of confusion. There is a deposit guarantee scheme with a fund to back it. What is proposed here is a resolution scheme with a separate fund. There is still some debate as to whether the deposit guarantee scheme should be used as a backstop for the resolution fund.

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