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

4:15 pm

Photo of Michael NoonanMichael Noonan (Limerick City, Fine Gael)
Link to this: Individually | In context | Oireachtas source

What I am saying is that one must distinguish between resolution and recapitalisation. While there may be a hypothetical requirement for recapitalisation of Irish banks, especially when we move towards the end of the decade and the Basel III rules come in, I do not envisage any situation in which a resolution issue would arise again with the Irish banks.