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 Paddy BurkePaddy Burke (Fine Gael) | Oireachtas source

A number of changes are also proposed to the bank resolution framework. As the IMF noted last year the framework has, together with the single resolution mechanism, significantly strengthened the resolution regime in Ireland and in the EU. We in Ireland paid a hefty price but is there an admission in the statement of Mr. Cross that, as well as Irish banks, the EU failed?

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