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
4:05 pm
Mr. Antoine Mac Donncha:
Effectively, the Bill enables the anticipated transfer of assets from ICS to Bank of Ireland. Those assets will then be held by a regulated financial service provider, along with all the other assets currently held by Bank of Ireland, and they will occupy exactly the same legal position as the bank's other assets.