Credit Institutions (Stabilisation) Bill 2010
Public bill · Government · Presented
Gives the Minister for Finance wide powers, subject to High Court involvement, to reorganise troubled banks and building societies, including appointing special managers, transferring assets and liabilities, and changing subordinated debt terms. It aims to protect depositors, maintain credit and financial stability, support institutions already backed by the State, and reduce further taxpayer exposure.
Formal long title
Bill entitled an Act to make provision, in the context of the National Recovery Plan and the EU/IMF Programme of Financial Support for Ireland, in relation to the stabilisation, and the preservation or restoration of the financial position, of certain credit institutions; to amend the Building Societies Act 1989, the Central Bank Act 1971 and the Credit Institutions (Financial Support) Act 2008 for those purposes; to amend the National Pensions Reserve Fund Act 2000 to allow the Minister for Finance to give certain directions in relation to the National Pensions Reserve Fund; to make consequential amendments to the European Communities (Reorganisation and Winding-Up of Credit Institutions) Regulations 2004 (S.I. No 198 of 2004); and for related purposes
Last updated 12 April 2018
- Minister for Finance Primary
- First StageDáil
- Second StageDáil
- Committee StageDáil
- Report StageDáil
- Fifth StageDáil
- Second StageSeanad
- Committee StageSeanad
- Report StageSeanad
- Fifth StageSeanad Enacted
- EnactedEnacted
- Credit Institutions (Stabilisation) Bill 2010: Second Stage Seanad
- Credit Institutions (Stabilisation) Bill 2010: Committee and Remaining Stages Seanad
- Credit Institutions (Stabilisation) Bill 2010: Order for Second Stage Dáil
- Credit Institutions (Stabilisation) Bill 2010: Second Stage Dáil
- Credit Institutions (Stabilisation) Bill 2010: Committee Stage Dáil
- Credit Institutions (Stabilisation) Bill 2010: Committee Stage (Resumed) and Remaining Stages Dáil