Oireachtas Joint and Select Committees
Thursday, 7 November 2013
Joint Oireachtas Committee on Finance, Public Expenditure and Reform
Scrutiny of EU Legislative Proposals
6:30 pm
Mr. Aidan Carrigan:
To finish answering the Deputy's first question, the Commission looked back at the crisis and considered that if the bail-in and other tools of the bank recovery and resolution, BRR, directive were available, based on the first cut of the proposal, how much was needed in a fund to cover the losses that would not have been absorbed by the bail-in. That is from where the number was derived.
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