Oireachtas Joint and Select Committees

Wednesday, 29 November 2023

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach

Finance (State Guarantees, International Financial Institution Funds and Miscellaneous Provisions) Bill 2023: Committee Stage

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

The definition of risk is that one is not able to say that this is exactly what will happen in the future but risk assessments are supposed to weigh up the possibility. In the legislation, we know what the ultimate exposure is because it has caps built into it but that is not the risk unless we are suggesting that there will be 100% default-----

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