Dáil debates
Wednesday, 17 June 2009
Financial Services (Deposit Guarantee Scheme) Bill 2009 - Committee Stage (Resumed) and Remaining Stages
4:00 pm
Brian Lenihan Jnr (Dublin West, Fianna Fail)
Section 4(4) refers to a wide range of matters which the Central Bank can use to advise the Minister. If an institution were insolvent, the Minister would not be in a position to impose a levy on it. It would be the other institutions that would have to carry it. I was referring to the association of the other institutions with the degree of risk engaged upon by the errant institution. There could be a variable geometry in terms of the culpability of the other institution. Section 4(4) gives the Central Bank powers to examine that issue.
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