ACC BANK ACT, 2001

The legislation facilitated the restructuring and eventual sale of ACC Bank, originally established as a state-owned agricultural bank in 1927. The Act's primary focus was to reform the bank's corporate governance structure, augment its regulatory compliance mechanisms, and ensure its financial health and stability. It served to enhance the bank's competitiveness in the Irish banking sector. The Act authorised the Minister for Finance to sell shares in ACC Bank, aiming to attract investment and integrate it into the broader financial marketplace, thus ensuring better service delivery and economic viability.

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ACC BANK ACT, 2001

The legislation facilitated the restructuring and eventual sale of ACC Bank, originally established as a state-owned agricultural bank in 1927. The Act's primary focus was to reform the bank's corporate governance structure, augment its regulatory compliance mechanisms, and ensure its financial health and stability. It served to enhance the bank's competitiveness in the Irish banking sector. The Act authorised the Minister for Finance to sell shares in ACC Bank, aiming to attract investment and integrate it into the broader financial marketplace, thus ensuring better service delivery and economic viability.

Quick and comprehensive access to the most accurate, up-to-date legislation.

LexisNexis traffic light system shows the status of legislation and cases so you are always using up-to-date law while historical versioning and legislative timelines lets you see exactly what has changed in legislation over time.

TAKE A FREE TRIAL

ACC BANK ACT, 2001