Dáil debates
Wednesday, 17 June 2009
Financial Services (Deposit Guarantee Scheme) Bill 2009: Committee Stage (Resumed)
3:00 pm
Brian Lenihan Jnr (Dublin West, Fianna Fail)
It is a transposition from the relevant EU directive. It is the requirement that the Minister's power to prescribe a higher level of coverage is up until 31 December 2010. That was a compromise arrived at by the finance Ministers when they were drawing up the directive.
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