Seanad debates

Thursday, 16 December 2010

Credit Institutions (Stabilisation) Bill 2010: Second Stage

 

Section 52 is an important section the purpose of which is to ensure orders made under this Bill are consistent with the EU credit institutions winding up directive, as I have previously outlined. Sections 55 and 56 are important and allow the Minister for Finance to exclude a particular institution as a relevant institution under some or all of the provisions of the Bill for a specified period or to declare that the Minister will not exercise all or any of the powers conferred under the Bill in respect of a specified institution for a specified period.

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