Michael Noonan (Limerick City, Fine Gael) | Oireachtas source

This amendment is technical in nature and is designed to remedy an incorrect reference in the Central Bank and Credit Institutions (Resolution) Act 2011. The objective of this amendment is to ensure the Central Bank is legally able to share confidential information to facilitate the Central Bank, the Minister, the Governor, the head of financial regulation or a special manager appointed under the resolution Act in the performance of their functions under the Act. This should remove any obstacles to the necessary information exchange.