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

Photo of Seán FlemingSeán Fleming (Laois-Offaly, Fianna Fail) | Oireachtas source

We will essentially have two supervisory mechanisms in place, one carried out by the single supervisory mechanism and probably a lighter version carried out directly by the European Central Bank through its agent in each of the countries at a lighter level.

Will there be heavy supervision and light supervision, depending on whether one is a significant institution?

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