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. Chris Mills:

I would like to add to that. The European Commission is charged with drawing up a delegated regulation that specifies how the single resolution board is able to invest those moneys. The single resolution mechanism regulation specifically sets a relatively low risk tolerance for the types of investments it can made. The European Commission is drawing up that regulation at present. It is not in effect yet.

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