Brian Hayes (Dublin South West, Fine Gael) | Oireachtas source

Amendment No. 144 provides that the Minister may provide stabilisation support to a credit union from the credit union fund where requested to do so by the bank. The provision for the Minister to attach terms and conditions to any support provided is retained in this amendment. Those conditions are primarily intended to relate to the recoupment of funds provided as financial support under the Act. Amendment No. 163 clarifies that the bank may request the Minister to provide stabilisation support in accordance with section 58(6).