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Enacted Dáil
No. 15 of 2016

Finance (Certain European Union and Intergovernmental Obligations) Bill 2016

Public bill · Government · Presented

It would let the Irish State lend money to the Single Resolution Board if a bank rescue runs out of other funds after shareholders and creditors have already absorbed losses. The loan would act as temporary bridge funding, up to €1.815 billion, and the Minister for Finance would be given the power to carry out Ireland’s part of the deal. Any money repaid to the State would go back into the Central Fund, so the public money can be recovered if the loan is repaid.

Formal long title

Bill entitled an Act to make provision in relation to an agreement that is to be entered into between the Single Resolution Board and the State concerning the lending of sums by the State to the Single Resolution Board in circumstances where, after disposal of the latter's funds in the manner set out in Article 5(1) of the Agreement on the Transfer and Mutualisation of Contributions to the Single Resolution Fund done at Brussels on 21 May 2014, such disposal is not sufficient to meet the costs of a resolution action referred to in that Article and, in particular, to enable the making of payments from the Central Fund or the growing produce of that Fund of sums, not exceeding, in the aggregate, a certain amount, to that Board and to provide for related matters.

Last updated 12 April 2018

Sponsor
  • Minister for Finance Primary
Progress
  • First Stage
    Dáil
  • Second Stage
    Dáil
  • Committee Stage
    Dáil
  • Report Stage
    Dáil
  • Fifth Stage
    Dáil
  • Second Stage
    Seanad
  • Committee Stage
    Seanad
  • Report Stage
    Seanad
  • Fifth Stage
    Seanad Enacted
  • Enacted
    Enacted
Debates
  • Finance (Certain European Union and Intergovernmental Obligations) Bill 2016: Committee and Remaining Stages
    Seanad
  • Finance (Certain European Union and Intergovernmental Obligations) Bill 2016: Second Stage
    Seanad
  • Finance (Certain European Union and Intergovernmental Obligations) Bill 2016: Order for Report Stage
    Dáil
  • Finance (Certain European Union and Intergovernmental Obligations) Bill 2016: Report and Final Stages
    Dáil
  • Single Resolution Board (Loan Facility Agreement) Bill 2016: Committee Stage
    Select Committee on Finance, Public Expenditure and Reform, and Taoiseach
  • Single Resolution Board (Loan Facility Agreement) Bill 2016: Second Stage (Resumed)
    Dáil
  • Single Resolution Board (Loan Facility Agreement) Bill 2016: Referral to Select Committee
    Dáil
  • Single Resolution Board (Loan Facility Agreement) Bill 2016: Second Stage (Resumed)
    Dáil
  • Single Resolution Board (Loan Facility Agreement) Bill 2016: Order for Second Stage
    Dáil
  • Single Resolution Board (Loan Facility Agreement) Bill 2016: Second Stage
    Dáil

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