Oireachtas Joint and Select Committees
Wednesday, 24 June 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Michael D'Arcy (Fine Gael) | Oireachtas source
Okay, can I move on, Mr. Beausang, please? In spring '08, the DSG was party to the drafting of legislation to provide for the nationalisation of a financial institution or the issuance of a guarantee by the Minister. We see that the Attorney General provided levels of secrecy in relation to those that didn't go through the standard structures because of the importance of the legislation. You discussed, with Senator MacSharry, the SSR legislation. Why was the legislation not prioritised in 2007 - the special resolution regimes?
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