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:

As a representative of the Department of Finance in Ireland, I am not in a position to give the Senator that information. It is the job of certain European institutions to pull that information together. The European single resolution authority is tasked with ensuring resolution and recovery plans are drawn up for all its banks. The single supervisor mechanism is overseeing all of these banks. There is no indication that any banking crisis is looming. At the same time, the job of the supervisors is to carry out that kind of assessment. We will see whether we can find out what is the latest assessment.

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