Oireachtas Joint and Select Committees

Thursday, 9 May 2013

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Six Month EU Scrutiny Report: Discussion with Department of Finance

11:05 am

Mr. Aidan Carrigan:

My colleagues can speak about their areas. My particular interest is in financial services and I have made it clear that we have made some significant progress and have broken some issues that have been a long time, from 18 months to two years, on the table. There are some other major issues in the banking union area around bank resolution, which brings a lot of political issues with it. We are pursuing that and have now brought it to the Minister's attention. We hope to make progress on it. The markets in financial instruments directive, MiFID, has been around for two years and we have been trying very hard to break the impasse that has existed in that regard for a number of years. We are still hopeful we can do that. We are progressing various other issues as far as we can. I presume the situation is similar with regard to tax issues.

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