Michael D'Arcy (Fine Gael) | Oireachtas source

In previous evidence from Mr. Nyberg when he came before the committee before Christmas he made the point that the special resolution legislation was being considered in 2007 but that because of our Constitution, there could have been difficulty in passing that legislation. We subsequently passed it a number of years later, and there was not a difficulty with the Constitution. If that legislation had been on our books, that legislative tool would have been available on the night of the banking guarantee.