Oireachtas Joint and Select Committees

Thursday, 5 February 2015

Committee of Inquiry into the Banking Crisis

Context Phase

Mr. Mario Nava:

This is the first year where banks are contributing to that fund. The constitution of the fund will take eight years. It is more or less linear, at one eighth per year. That is the time it will take and it will take exactly eight years. Please retain what I said. That fund is only the very last line of defence.

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