Oireachtas Joint and Select Committees

Wednesday, 4 June 2014

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Scrutiny of EU Legislative Proposals

3:55 pm

Mr. Aidan Carrigan:

Not excessively. There have in fact been very few runs involving money funds, which is the element of shadow banking we are considering. There is very little experience of that in the United States or Europe, although that does not mean we do not have to protect against that eventuality.