Oireachtas Joint and Select Committees

Thursday, 7 November 2013

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Scrutiny of EU Legislative Proposals

6:20 pm

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

Could Mr. Carrigan please go through that again because I got the impression earlier that it would be 1% of covered deposits but now Mr. Carrigan has said that it depends on the scale of the institution and the risk identified. Could he give us the range of contributions that will be required? I thought it would be a set percentage. I can understand a bigger institution would pay more because its deposits would be greater. It is a case of direct proportion. Will there be a different rate?

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