Oireachtas Joint and Select Committees
Wednesday, 24 September 2014
Joint Oireachtas Committee on Finance, Public Expenditure and Reform
General Scheme of European Stability Mechanism (Amendment) Bill 2014: Discussion
5:00 pm
Pearse Doherty (Donegal South West, Sinn Fein) | Oireachtas source
The CEO of AIB, Mr. David Duffy, is able to comment publicly on the fact that direct recapitalisation may be able to be availed of without going through the waterfall system. He is a banker and head of AIB and speaking to the media. The delegates are officials in the Department and I am sure they are some of the most knowledgeable on how we would apply for direct recapitalisation. The Minister has told the committee that he intends to apply some time after November. Surely, based on their understanding, they can inform other parliamentarians who have a responsibility in this matter whether Mr. Duffy is correct in his public utterances, or at least state there is a chance this is how the application or instrument could be applied.
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