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

Photo of Aideen HaydenAideen Hayden (Labour) | Oireachtas source

I ask because in the three pillar scenario, in which we are trying to separate sovereign debt from bank debt and put in place a resolution mechanism, the quality of the mechanism will depend on the quality of the banks involved. I presume the fund only applies to those banks that have satisfied the stress tests in terms of meeting the capital requirements.

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