Oireachtas Joint and Select Committees
Thursday, 7 July 2016
Select Committee on Finance, Public Expenditure and Reform, and Taoiseach
Single Resolution Board (Loan Facility Agreement) Bill 2016: Committee Stage
11:00 am
Eoghan Murphy (Dublin Bay South, Fine Gael)
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To be clear, we are discussing a loan facility that is being put in place as a temporary backstop to the Single Resolution Fund, SRF, which has already been agreed to and into which money is being transferred. Progressive mutualisation has begun. Nothing in the Bill grants the Minister power to change the terms of the SRF.