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.
No comments