Results 12,681-12,700 of 16,679 for speaker:Peadar Tóibín
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Single Resolution Fund Bill: Discussion (10 Jun 2015)
Peadar Tóibín: Grand. In response to Deputy Boyd Barrett earlier, Mr. Sheridan spoke about the hierarchy and about the bail-in. Obviously, the whole process has certain elements after the bail-in. Could he talk me through the hierarchy that is followed when dealing with a resolution?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Single Resolution Fund Bill: Discussion (10 Jun 2015)
Peadar Tóibín: What happens after the bail-in?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Single Resolution Fund Bill: Discussion (10 Jun 2015)
Peadar Tóibín: Therefore, the state is the second tier of the-----
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Single Resolution Fund Bill: Discussion (10 Jun 2015)
Peadar Tóibín: Can Mr. Sheridan explain that to me?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Single Resolution Fund Bill: Discussion (10 Jun 2015)
Peadar Tóibín: Does the compartment remain after mutualisation?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Single Resolution Fund Bill: Discussion (10 Jun 2015)
Peadar Tóibín: Does that mean the involvement of the state as the second tier goes as well?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Single Resolution Fund Bill: Discussion (10 Jun 2015)
Peadar Tóibín: Okay. It then goes straight into the-----
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Single Resolution Fund Bill: Discussion (10 Jun 2015)
Peadar Tóibín: The mutualised fund-----
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Single Resolution Fund Bill: Discussion (10 Jun 2015)
Peadar Tóibín: What was the reason behind the eight-year provision?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Single Resolution Fund Bill: Discussion (10 Jun 2015)
Peadar Tóibín: Yes.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Single Resolution Fund Bill: Discussion (10 Jun 2015)
Peadar Tóibín: What happened to the European stability mechanism? Was it not supposed to be the bailout?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Single Resolution Fund Bill: Discussion (10 Jun 2015)
Peadar Tóibín: Has any analysis been carried out by the Department on the benefits of Ireland applying for retrospective recapitalisation of the pillar banks?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Single Resolution Fund Bill: Discussion (10 Jun 2015)
Peadar Tóibín: From the ESM side?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Single Resolution Fund Bill: Discussion (10 Jun 2015)
Peadar Tóibín: We are six months into that opportunity for application. Has there been any effort to apply for that?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Single Resolution Fund Bill: Discussion (10 Jun 2015)
Peadar Tóibín: Is it the case that there has not been an application or preparation of an application?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Single Resolution Fund Bill: Discussion (10 Jun 2015)
Peadar Tóibín: Britain is not involved in this new process.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Single Resolution Fund Bill: Discussion (10 Jun 2015)
Peadar Tóibín: Is there an extra cost to the participating countries as a result of that? Is it the case that if Britain were involved, there would be a necessity for a larger pot or is it that as Britain is not involved, each country has to produce more?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Single Resolution Fund Bill: Discussion (10 Jun 2015)
Peadar Tóibín: Bank customers are hard-pressed at the moment. Is there a likelihood that this extra charge will be passed on to the customer?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Single Resolution Fund Bill: Discussion (10 Jun 2015)
Peadar Tóibín: It would be €1.3 billion out of the Irish banking market.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Single Resolution Fund Bill: Discussion (10 Jun 2015)
Peadar Tóibín: Sin é. I thank Mr. Carrigan.