* * * With thanks to Claire Lanigan, Ciara Murphy, Claire Nevin and Enda Nolan for their assistance in drafting  Introduction Good morning, ladies and gentlemen. I am delighted to be here this morning to speak at this welltimed and highly relevant event.
The other two banking elements of the 4 Presidents’ proposed “integrated financial framework” (formerly known as a “banking union”), namely the establishment of a European bank resolution scheme fund and a European deposit insurance scheme, could help break, for the future, the damaging link between bank failure in smaller countries and the taxpayer burden in those countries.