Oireachtas Joint and Select Committees

Wednesday, 13 November 2013

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Forthcoming ECOFIN Council: Discussion with Minister for Finance

10:30 am

Photo of Pearse DohertyPearse Doherty (Donegal South West, Sinn Fein) | Oireachtas source

I note that there is no evidence, particularly from the Central Bank, there would be any need for additional capital in the Irish banks at this point in time. Obviously, we do not know what criteria will be used for the stress tests, but if additional capital is required in any of the banks as a result of the stress tests prior to October next year, how would it be sought? Would it be by way of a bail-in, since the rules will not apply until 2015, or how would it be provided if such an issue arose?

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