Oireachtas Joint and Select Committees
Thursday, 19 October 2017
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
Engagement with the Central Bank of Ireland
Professor Philip Lane:
In the Irish system the compensation fund is run on a rolling basis. There is a deficit but funding is provided each year as needed. There are different ways to run a compensation fund. One can pre-fund it or fund it as needed.
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