Oireachtas Joint and Select Committees

Thursday, 11 December 2014

Public Accounts Committee

Credit Union Fund Accounts 2013; Credit Resolution Institution Fund Accounts 2013; and Credit Union Restructuring Board Accounts 2013

12:20 pm

Mr. Ronan Hession:

The pillar banks pay fees under the Credit Institutions (Stabilisation) Act 2010, which expires at the end of this year. Under the resolution Act, they do not contribute to the resolution fund until the 2010 Act has been lifted.