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
Mr. Aidan Carrigan:
The Deputy is straying into the area of what people in the negotiations referred to as moral hazard, namely, that if there is too strong a resolution in place people will not pay attention to good proper prudential management, but that is not the case because CRD IV sets out very clear capital requirements and very clear ways in which the risks of a bank have to be managed and those risks will continue to-----
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