3 Aib 2013, 12:00
he Committee on Finance, Public Expenditure and Reform will meet with officials from the Department of Finance and from the Central Bank of Ireland tomorrow, Thursday, 4th April for scrutiny of EU legislative proposals COM(2012)280, a framework for the recovery and resolution of credit institutions and investment firms in the European Union.
Ciarán Lynch, TD, Chairman of the Committee on Finance, Public Expenditure and Reform, said: “We’re all aware that the financial crisis throughout Europe severely tested the ability of national and Union-level authorities to manage problems in banking institutions. Against this background, the Commission issued a Communication in October 2010 setting out plans for a Union framework for crisis management in the financial sector. The framework would equip authorities with common and effective tools and powers to tackle bank crises pre-emptively, safeguarding financial stability and minimising taxpayer exposure to losses in insolvency. At our meeting on 13th March it was agreed that that this proposal for a framework for the recovery and resolution of credit institutions and investment firms in the European Union warrants further scrutiny. Tomorrow we will meet with officials from the Department of Finance and from the Central Bank of Ireland to discuss this proposal in greater detail and it will provide an opportunity for Members to raise any issues in relation to the proposal.”
This meeting will start in Committee Room 4, Leinster House at 3pm m on Thursday, 4th April 2013.
Committee proceedings can be followed live at: http://www.oireachtas.ie/parliament/watchlisten/
For further information please contact:
Ciaran Brennan,
Houses of the Oireachtas,
Communications Unit,
Leinster House,
Dublin 2
P: +3531 618 3903
M: 086-0496518
F: +3531 618 4551
Committee Membership
Deputies
Richard Boyd-Barrett, People Before Profit
Michael Creed, Fine Gael
Pearse Doherty, Sinn Fein
Stephen Donnelly, Independent
Timmy Dooley, Fianna Fáil
Sean Fleming, Fianna Fáil
Simon Harris, Fine Gael
Joe Higgins, Socialist Party
Heather Humphreys, Fine Gael
Kevin Humphreys, Labour Party
Peter Mathews, Fine Gael
Mary Lou McDonald, Sinn Fein
Ciarán Lynch, Labour Party (Chairman)
Michael McGrath, Fianna Fáil
Dara Murphy, Fine Gael
Kieran O’Donnell, Fine Gael
Aodhán O Ríordáin, Labour
Arthur Spring, Labour Party
Brian Stanley, Sinn Féin
Billy Timmins, Fine Gael
Liam Twomey, Fine Gael
Senators
Sean D Barrett
Thomas Byrne
Paul Coghlan
Michael D’Arcy
Aideen Hayden
Tom Sheahan