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

11:35 am

Mr. Fergal Ó Brolcháin:

In the case of retrospective recapitalisation for viable banks, the definition would not cover those the Deputy mentioned. As to why that is the case, I understand it is a question of what it is possible to achieve. Keeping the IBRC institutions in the process would damage the prospect of any retrospective recapitalisation.

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