Oireachtas Joint and Select Committees

Thursday, 9 March 2017

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach

Scrutiny of EU Legislative Proposals

9:45 am

Photo of Pearse DohertyPearse Doherty (Donegal, Sinn Fein) | Oireachtas source

I am conscious of the time and that we have to conclude shortly. I wish to ask two other questions. My understanding is that small institutions would be resolved under the ordinary insolvency procedure. Is that the case? If so, why is there a requirement on them to hold MREL instruments when there would never be a bail-in?

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