Oireachtas Joint and Select Committees

Wednesday, 10 June 2015

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Single Resolution Fund Bill: Discussion

2:00 pm

Mr. Aidan Carrigan:

Based on our experience of financial crises in other countries, the bail-in and the figure of €55 billion would have covered the vast majority of cases. It is most unlikely that a situation would arise which would take us beyond that figure. If further funds were required, under the rules the banks concerned would again be bailed in.

Comments

No comments

Log in or join to post a public comment.