ANGLO IRISH BANK CORPORATION ACT 2009

Enacted in response to the financial crisis, this legislation facilitated the immediate nationalisation of Anglo Irish Bank. This decisive government action aimed to stabilise the financial system and secure public confidence in the banking sector. The Act allowed the government to take full ownership, providing necessary capital and ensuring adequate restructuring. Key highlights include the transfer of all shares to the Minister for Finance, which enabled the state to control the bank’s operations and address the severe liquidity issues that threatened the broader Irish economy. This intervention was crucial in averting a wider financial catastrophe.

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ANGLO IRISH BANK CORPORATION ACT 2009

Enacted in response to the financial crisis, this legislation facilitated the immediate nationalisation of Anglo Irish Bank. This decisive government action aimed to stabilise the financial system and secure public confidence in the banking sector. The Act allowed the government to take full ownership, providing necessary capital and ensuring adequate restructuring. Key highlights include the transfer of all shares to the Minister for Finance, which enabled the state to control the bank’s operations and address the severe liquidity issues that threatened the broader Irish economy. This intervention was crucial in averting a wider financial catastrophe.

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

Anglo Irish Bank Corporation Act 2009