Oireachtas Joint and Select Committees

Thursday, 14 December 2017

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach

Paradise Papers (Resumed): Allied Irish Banks

9:30 am

Mr. Bernard Byrne:

It would be those that operate within a common regulatory regime. Ireland would be grouped from a liquidity point of view. However, there are all sorts of restrictions around how one calculates liquidity and the obligations around liquidity. On the net point of the question about the offshore accounts, it would be no use now in calculation of liquidity accounts.