Oireachtas Joint and Select Committees
Thursday, 5 February 2015
Committee of Inquiry into the Banking Crisis
Context Phase
Mr. Mario Nava:
That is exactly the type of decision the single regulatory mechanism, which the Deputy mentioned, takes. When a bank goes down, we have a resolution plan which will involve so much of bailing, equity taking and so on. If needed, the use of the resolution fund is a decision the single resolution mechanism will take on a case-by-case basis.
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