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
Michael McGrath (Cork South Central, Fianna Fail) | Oireachtas source
Currently, there is more than €300 million in the deposit protection account with the Central Bank. If the banking system collapsed tomorrow morning, that would not go anywhere near meeting the requirements of the insured deposits of up to €100,000. Will there be an insurance element which will involve third parties?
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