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
Aideen 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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