Oireachtas Joint and Select Committees

Wednesday, 22 March 2023

Committee on Budgetary Oversight

Stability Programme Update: Discussion

Photo of Patricia RyanPatricia Ryan (Kildare South, Sinn Fein)
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I thank Dr. Kelly. I noted that the European Parliament's Committee on Economic and Monetary Affairs yesterday discussed the failure of Silicon Valley Bank and its implications for Europe. Will the witnesses give a brief outline of how this banking failure differs from 2008, and will we see banks fail on this side of the water? We have already seen the collapse of Credit Suisse.