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

5:20 pm

Mr. Cathal Sheridan:

In the case of a bail-in, if one wants to avail of the resolution fund one has to bail in a minimum of 8% of eligible liabilities and own funds in order to be able to move to the stage at which one can use the resolution fund.

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