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

Photo of Pearse DohertyPearse Doherty (Donegal South West, Sinn Fein)
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True. That takes me back to the time the Minister said I was like the Donegal team, all defenders. Look what we did a year later, so just watch out.

Some of the questions I want to raise have been touched on already. In regard to the supervision of the major and systemically important banks, the Minister mentioned there is a minimum requirement of three in each member state. For clarity, which three banks here will be supervised and regulated by the ECB, and will it be only three? Three is a minimum requirement, but I presume it can go beyond that.