52. Deputy Lucinda Creighton asked the Minister for Finance if he will detail in the context of COD 2013/0253 on the single resolution mechanism and single bank resolution fund if he favours allowing the European Commission having the final responsibility to validate resolution plans of the bank that have been accepted by the resolution board; if he will outline whether as currently envisaged in the context of COD 2013/0253 if the ECB decides, as the single supervisor, that a bank should be shut down, the proposed single resolution fund board could overrule this decision as currently envisaged; if he will outline in the context of the level of liquidity that the ECB provides banks when they cannot access private markets the extent to which the single resolution board will be able to prevent an ECB Governing Council decision to remove liquidity from the banking system, as was threatened in Ireland and Cyprus; and if he will make a statement on the matter. [48540/13]

Summary

52. Deputy Lucinda Creighton asked the Minister for Finance if he will detail in the context of COD 2013/0253 on the single resolution mechanism and single bank resolution fund if he favours allowing the European Commission having the final responsibility to validate resolution plans of the bank that have been accepted by the resolution board; if he will outline whether as currently envisaged in the context of COD 2013/0253 if the ECB decides, as the single supervisor, that a bank should be shut down, the proposed single resolution fund board could overrule this decision as currently envisaged; if he will outline in the context of the level of liquidity that the ECB provides banks when they cannot access private markets the extent to which the single resolution board will be able to prevent an ECB Governing Council decision to remove liquidity from the banking system, as was threatened in Ireland and Cyprus; and if he will make a statement on the matter. [48540/13]

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• Banking Sector Issues

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