Michael Noonan (Limerick City, Fine Gael) | Oireachtas source

It can, but the contributions are phased over a ten-year period in instalments. As it moves along, an increasing proportion of the resolution fund gets mutualised. Early on, one only has access to what one contributes and a bit of the residue. As the fund gets mutualised, the full fund becomes available on a pan-European basis to banks that fail.