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.

Comments

No comments

Log in or join to post a public comment.