Results 5,521-5,540 of 34,779 for speaker:Seán Fleming
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Scrutiny of EU Legislative Proposals (7 Nov 2013)
Seán Fleming: I understand the bail-in. To give a typical example here, would An Post savings bank have to make a contribution? It is only a deposit-taking bank; An Post does not give out loans.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Scrutiny of EU Legislative Proposals (7 Nov 2013)
Seán Fleming: What institutions in Ireland are likely to come under this resolution process?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Scrutiny of EU Legislative Proposals (7 Nov 2013)
Seán Fleming: Is there a list of those Mr. Carrigan could send to us? Is it a long list? Is it five or six, 25 or 26 or 100?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Scrutiny of EU Legislative Proposals (7 Nov 2013)
Seán Fleming: Would Mr. Carrigan send that to the committee tomorrow and we will circulate it to members.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Scrutiny of EU Legislative Proposals (7 Nov 2013)
Seán Fleming: On the risk-based issue, we have dealt with the 1% average. In terms of the risk, some people, and Mr. Carrigan or myself might not like the point to be made, would make the point that banks in Ireland carry a higher risk than a bank in Germany. In addition to the type of institution, it might be said that a bank in Greece or Ireland carries a potential greater risk and in view of the...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Scrutiny of EU Legislative Proposals (7 Nov 2013)
Seán Fleming: Those countries with safer banks or those that have proven they are safer countries in which to bank-----
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Scrutiny of EU Legislative Proposals (7 Nov 2013)
Seán Fleming: Yes. The safer countries will carry-----
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Scrutiny of EU Legislative Proposals (7 Nov 2013)
Seán Fleming: Equally.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Scrutiny of EU Legislative Proposals (7 Nov 2013)
Seán Fleming: Mr. Carrigan said that approximately 20 banks could come under this resolution regime; he can send that information on to us. How many banks in Ireland come under the single supervisory mechanism, SSM?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Scrutiny of EU Legislative Proposals (7 Nov 2013)
Seán Fleming: And they are-----
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Scrutiny of EU Legislative Proposals (7 Nov 2013)
Seán Fleming: Is PTSB not part of AIB?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Scrutiny of EU Legislative Proposals (7 Nov 2013)
Seán Fleming: I am sorry. I get confused.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Scrutiny of EU Legislative Proposals (7 Nov 2013)
Seán Fleming: Correct. I am getting the point now. In terms of contributions by the banks in the context of risk base, I suggest that a bank that is state owned should have a lower risk. For example, AIB is a State-owned bank whereas I would have thought that a bank owned by any state in the Union intrinsically would be of lower risk for resolution because for it to go to resolution not only would it...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Scrutiny of EU Legislative Proposals (7 Nov 2013)
Seán Fleming: Mr. Carrigan said earlier that after ten years this fund could have up to €55 billion. What has been the total cost to date in terms of the bank failures in Europe in the past six or seven years? How does that compare to the fund we are setting up for ten years time?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Scrutiny of EU Legislative Proposals (7 Nov 2013)
Seán Fleming: The lower number represents-----
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Scrutiny of EU Legislative Proposals (7 Nov 2013)
Seán Fleming: Are all euro countries in the SSM?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Scrutiny of EU Legislative Proposals (7 Nov 2013)
Seán Fleming: Mr. Carrigan is saying that for the euro area it is €55 billion.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Scrutiny of EU Legislative Proposals (7 Nov 2013)
Seán Fleming: Whereas if it is done on an EU basis for the 27 member states it would be €78 billion, and some of the other ten not in the euro are free to come and join this if they wish.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Scrutiny of EU Legislative Proposals (7 Nov 2013)
Seán Fleming: Has the United Kingdom agreed to that?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Scrutiny of EU Legislative Proposals (7 Nov 2013)
Seán Fleming: How much will it put into its fund? That is relevant to us as we are so close to the UK.