Oireachtas Joint and Select Committees

Thursday, 20 December 2012

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Scrutiny of EU Legislative Proposals

2:55 pm

Mr. Aidan Carrigan:

The legislation does not anticipate every particular eventuality. The situation of IBRC is unique. As I mentioned, the methodology on the application of the threshold is to be developed by the ECB and that must be done by June 2013. We would expect that when the methodology is clearer, the detail of its application to things such as wind down banks will be somewhat clearer.