Oireachtas Joint and Select Committees
Wednesday, 26 March 2014
Joint Oireachtas Committee on Finance, Public Expenditure and Reform
Draft Heads of Central Bank Bill 2014: Department of Finance
3:35 pm
Mr. Antoine Mac Donncha:
Yes, it is required to put the platform at the option of the acquirer of these assets and deposits, to make them available for sale. It is not required to sell them. That is because the Commission is anxious that there would be further competition in that sector of the market. It is to facilitate a new entrant potentially acquiring that platform and entering the market, or another organisation strengthening its position.