Oireachtas Joint and Select Committees
Thursday, 7 November 2013
Joint Oireachtas Committee on Finance, Public Expenditure and Reform
Scrutiny of EU Legislative Proposals
6:50 pm
Mr. Greg Dempsey:
-----the fund exists but before it can be accessed there is a requirement that 8% of the size of the balance sheet has to be bailed in first. It is a safety net, but only after there has been quite a substantial bail-in of 8%. Even then, the use of the fund, is limited to 5% except in very extraordinary exceptional circumstances.
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