Oireachtas Joint and Select Committees
Wednesday, 3 July 2013
Joint Oireachtas Committee on Finance, Public Expenditure and Reform
Review of ECOFIN Matters under Irish EU Presidency: Discussion
4:05 pm
Michael McGrath (Cork South Central, Fianna Fail)
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Here, the pillar banks will be in category 1. Therefore, all direct contact between those banks and their regulator will be with the ECB directly. Is that the thrust of it?