Oireachtas Joint and Select Committees
Wednesday, 4 June 2014
Joint Oireachtas Committee on Finance, Public Expenditure and Reform
Scrutiny of EU Legislative Proposals
3:55 pm
Mr. Aidan Carrigan:
Not excessively. There have in fact been very few runs involving money funds, which is the element of shadow banking we are considering. There is very little experience of that in the United States or Europe, although that does not mean we do not have to protect against that eventuality.
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