Searching for Credit Institutions Financial Support Act 2008 Ireland information? Find all needed info by using official links provided below.
http://www.irishstatutebook.ie/eli/2008/act/18/enacted/en/html
credit institutions (financial support) act 2008 AN ACT TO PROVIDE, IN THE PUBLIC INTEREST, FOR MAINTAINING THE STABILITY OF THE FINANCIAL SYSTEM IN THE STATE AND FOR THAT PURPOSE TO PROVIDE FOR FINANCIAL SUPPORT BY THE MINISTER FOR FINANCE IN RESPECT OF CERTAIN CREDIT INSTITUTIONS, TO AMEND THE COMPETITION ACT 2002 AND …
https://www.oireachtas.ie/en/bills/bill/2008/45/
Act to provide, in the public interest, for maintaining the stability of the financial system in the State and for that purpose to provide for financial support by the Minister for Finance in respect of certain credit institutions, to amend the Competition Act 2002 and other …
http://www.irishstatutebook.ie/eli/2008/act/18/enacted/en/pdf
Credit Institutions (Financial Support) Act 2008. (10) The Minister may withdraw or revoke financial support pro-vided to a credit institution or a subsidiary under this section in accordance with the terms or conditions of the financial support as the Minister thinks fit. (11) For the purposes of this section, the Minister may, whenever
http://revisedacts.lawreform.ie/eli/2008/act/18/revised/en/html
“( ggggg) section 54(7C) (inserted by the Credit Institutions (Financial Support) Act 2008) in so far as that section relates to the engagement in certain transactions of a normal banking nature) of the Finance Act 1970.”.
http://www.irishstatutebook.ie/eli/2008/act/18/enacted/en/print.html
“ ‘determination’ means an approval of the Minister for Finance under section 7 of the Credit Institutions (Financial Support) Act 2008;”. (18) References in the Act of 2002 to Council Regulation (EEC) No. 4064/89 on the control of concentrations between undertakings should be read as references to Council Regulation (EC) No. 139/2004 on the control of concentrations between undertakings.
http://www.irishstatutebook.ie/eli/2008/act/18/section/6/enacted/en/html
(7) The Minister may, as a condition of providing financial support to a credit institution or subsidiary under this section, require the credit institution or subsidiary to fulfil the requirements for the time being imposed by the Central Bank or equivalent authority (including those in relation to the conduct of its business and its competitive behaviour) and to continue to do so.
http://www.irishstatutebook.ie/eli/2008/si/416/made/en/print
For the purposes of section 6(1) of the Credit Institutions (Financial Support) Act 2008, the following credit institutions and subsidiaries are specified: ( a ) Allied Irish Banks, p.l.c. and its subsidiaries AIB Mortgage Bank, AIB Bank (CI) Limited, AIB Group (UK) plc and Allied Irish Banks North America Inc.;
https://en.wikipedia.org/wiki/Post-2008_Irish_banking_crisis
The post-2008 Irish banking crisis was the situation whereby, due to the Great Recession, a number of Irish financial institutions faced almost imminent collapse due to insolvency. In response, the Irish government instigated a €64 billion bank bailout. This then led to a number of unexpected revelations about the business affairs of some banks and business people. Ultimately, added onto the deepening …
https://en.wikipedia.org/wiki/Post-2008_Irish_economic_downturn
This led to an expansion of credit and a property bubble which petered out in 2007. Irish banks, already over-exposed to the Irish property market, came under severe pressure in September 2008 due to the global financial crisis of 2007–08. The foreign borrowings of Irish banks rose from €15 billion to €110 billion in 2004–08.
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