Oireachtas Joint and Select Committees
Thursday, 13 April 2017
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
Banking and Financial Regulation: Discussion with Mr. Jonathan Sugarman
10:00 am
Mr. Jonathan Sugarman:
No. It was within the stipulations of Irish banking law as issued in 2006, which dictates what is to happen. One does not arrive at an overnight guarantee because all banks are monitoring their liquidity. How did Ireland arrive at the need for a guarantee overnight if everybody is obeying the law?
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