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

10:50 am

Photo of Dara MurphyDara Murphy (Cork North Central, Fine Gael) | Oireachtas source

I thank the Minister for his attendance. It is obvious from the agenda that issues relating to banking union are forward-looking. There has been much discussion about supervision and resolution. I have a question about a matter that is rarely discussed. We have put in our own backstop provisions and also lending targets and obligations for our banks. A number of banks have left the Irish market. I ask about the issue of inter-European competition and bank lending, as opposed to just resolution and supervision. Is there any discussion at these meetings about how banks could be encouraged, by virtue of having the backstops, to improve the way they interact in other European member states?

Will lending targets and other targets be stitched in to how they function as has been the case in Ireland?

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