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
4:25 pm
Mr. Antoine Mac Donncha:
The legislation, as it is framed, is an amendment to the 1971 Act. In that 1971 Act, there is a two-month period after a scheme is announced before any transfer would take place. Obviously, the mechanism that is there is the same as would be available if, for example, Bank of Ireland was transferring some of its-----