Oireachtas Joint and Select Committees

Thursday, 7 July 2016

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach

Single Resolution Board (Loan Facility Agreement) Bill 2016: Committee Stage

11:00 am

Photo of Eoghan MurphyEoghan Murphy (Dublin Bay South, Fine Gael) | Oireachtas source

To be clear, we are discussing a loan facility that is being put in place as a temporary backstop to the Single Resolution Fund, SRF, which has already been agreed to and into which money is being transferred. Progressive mutualisation has begun. Nothing in the Bill grants the Minister power to change the terms of the SRF.

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