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. Aidan Carrigan:

There are limits to the extent that we can deal with this today because we are here dealing with this single resolution mechanism. The capital requirements directive dealt extensively with the corporate governance requirements in financial institutions and dealt with issues around directors. The area of company law deals with directors' responsibilities, etc. That varies somewhat been member states and as far as this regulation goes, it refers to this issue being dealt with within the capital requirements directive and national law.

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