Credit Institutions (Financial Support) Bill 2008

Public bill · Government · Presented

The measure would let the Minister for Finance provide financial support, including loans or buying shares, to specified banks and their subsidiaries to protect Ireland’s financial system during the crisis. It would also allow the Minister to approve bank mergers or acquisitions needed for financial stability, even where competition concerns would normally be decided by the Competition Authority.

Formal long title

Bill entitled an Act to provide, in the public interest, for maintaining the stability of the financial system in the State and for that purpose to provide for financial support by the Minister for Finance in respect of certain credit institutions, to amend the Competition Act 2002 and other enactments, and to provide for connected matters

Last updated 13 April 2018