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 resolution process is not meant to result in banks being able to take additional risks which are not seen as good prudential management. The CRD IV was drawn up in awareness that resolution procedures would be coming down the tracks. It is clearly not the intention that because there is a safeguard there should be less effective management of capital.
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