Brian Lenihan Jnr (Dublin West, Fianna Fail)

Section 22(3) is in place to ensure there is no interruption in the business of the bank as a going concern. This is a precautionary section that makes clear that none of the transactions referred to under section 22(3) is voided, cancelled, stayed or otherwise affected by reason only of the appointment of the special manager. When the special manager is appointed, it does not terminate one's current account or deposit account. It does not set aside a policy or a contact one has with the bank or a right, title, claim or debt in respect of the institution.