IBRC wind-down Bill passed07/02/2013 - 02:58:59
The Dáil has passed the final stage of the IBRC Resolution Corporation Bill by a margin of 113 votes to 35.
The Bill now passes to the Seand.
The Dáil will reconvene at 1pm tomorrow.
Finance Minister Michael Noonan introduced emergency legislation just after midnight to cut the immediate cost of the nationalisation of the rogue lender – now known as the Irish Bank Resolution Corporation (IBRC) – following negotiations with the European Central Bank (ECB) in Frankfurt.
“Once the legislation is passed, joint special liquidators will be appointed to IBRC with immediate effect to wind up its business and operations,” Mr Noonan said.
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