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.
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