Oireachtas Joint and Select Committees

Wednesday, 3 July 2013

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Review of ECOFIN Matters under Irish EU Presidency: Discussion

4:05 pm

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

Here, the pillar banks will be in category 1. Therefore, all direct contact between those banks and their regulator will be with the ECB directly. Is that the thrust of it?

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