Oireachtas Joint and Select Committees
Thursday, 7 November 2013
Joint Oireachtas Committee on Finance, Public Expenditure and Reform
Scrutiny of EU Legislative Proposals
6:10 pm
Michael McGrath (Cork South Central, Fianna Fail) | Oireachtas source
Europe-wide stress tests will be carried out next year and if that process were to reveal a black hole in the banks' balance sheets and that they need additional capital, then even if this was up and running, that matter would not be dealt with under the SRM, rather it would still be a matter for the investors or whoever to make good the capital shortfall.
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