Oireachtas Joint and Select Committees

Thursday, 10 September 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Mr. Ajai Chopra:

Right. The common resolution fund ... I mean there's ... the single resolution board is in place. This relies on small contributions from banks. That is going to be built up over time. I don't have the precise details with me, but I don't see in the next several years at least if there was a very serious bank failure, I do not see how the funds that have been amassed within this resolution fund could make any material difference.

Comments

No comments

Log in or join to post a public comment.