Michael McGrath (Cork South Central, Fianna Fail) | Oireachtas source

If I can focus on the ongoing banking recovery and resolution work, one of the outstanding issues is the common resolution regime in cases where banks fail. One item under consideration is to apply a bail-in mechanism to those with more than €100,000 on deposit who are currently outside the deposit guarantee scheme. This type of bail-in was applied in Cyprus following the failure of the initial proposal to impose a levy on those holding less than €100,000 on deposit. At this stage, is it likely that a bail-in of deposits of more than €100,000 will form part of the resolution regime? What is the Government's attitude to this proposal?