Seanad debates
Thursday, 16 December 2010
Credit Institutions (Stabilisation) Bill 2010: Committee and Remaining Stages
3:00 pm
Joe O'Toole (Independent)
The Minister can correct me if I am wrong but is the following the procedure as outlined? There may be equity going from the bank to the Minister in lieu of whatever is being given to the bank. That is the consideration. When the bank and the Minister make that decision and the transaction does not comply with the listing rules of the London Stock Exchange, for example, section 7(1)(b) would then come into effect and a de-listing would be applied for. Is that the process?
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