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:

That is correct. Under the 1971 Act as it stands ICS cannot transfer its assets and liabilities because only a bank can use that provision as matters stand.