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
Mr. Patrick Casey:
The prudential framework has been strengthened to make failure less likely, such as better and higher quality capital requirements, more intrusive supervision complemented by the banking union, centralised supervision through Frankfurt and recovery planning. It is less likely that failure will occur but we need to be ready if it does arise.
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