Oireachtas Joint and Select Committees

Tuesday, 23 October 2018

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

Report on Local Public Banking: Discussion

1:30 pm

Mr. Ed Sibley:

The short answer is no. There is the likes of the deposit guarantee scheme, which does offer protection to deposit holders, but it is ultimately a call on other financial services. Similar to the discussion that I have just had with Deputy Paul Murphy, the aim of making firms resolvable is to address any implicit taxpayer support.