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.
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