Oireachtas Joint and Select Committees
Wednesday, 25 September 2013
Joint Oireachtas Committee on Finance, Public Expenditure and Reform
Matters Relating to the Economy: Discussion with Governor of Central Bank
3:30 pm
Professor Patrick Honohan:
I always agree with the Minister for Finance. I ask the committee to pay attention to the wording I used. I said that the third mode is available to a bank where an arrangement cannot be reached or is not appropriate. That is where it can be used. This is the first wave of the use of the third mode.
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