Oireachtas Joint and Select Committees

Thursday, 7 November 2013

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Scrutiny of EU Legislative Proposals

6:40 pm

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

We are not there yet. If it is decided that an institution is to go into resolution, will it be somewhat like what happened here when KPMG was called in? Who physically will manage the resolution? Will it be one of the big four accounting firms? Mr. Carrigan should talk me through this process. I have read the sentence that should a national resolution authority not comply with the decision, the resolution authority commission could directly address executive orders to the credit institution involved. That is fine and I understand who will be covered by the direction. Who will do the job and make the €100 million available in the case of another bank resolution?

Comments

No comments

Log in or join to post a public comment.