(1) The Minister has, in the public interest, the functions provided for under this Act because, after consulting the directors of Anglo Irish Bank, the Governor and the Regulatory Authority, the Minister is of the opinion that -
(a) there are serious concerns about the viability of Anglo Irish Bank, or would be if those functions were not performed, and
(b) the performance of those functions is necessary, in the public interest -
(i) to remedy a serious disturbance in the economy of the State,
(ii) to prevent potential serious damage to the financial system in the State and ensure the continued stability of that system, and
(iii) to preserve the capacity of Anglo Irish Bank to continue its operations as a going concern.
(2) The Minister may continue to consult the Governor and the Central Bank in the continuing performance of the Minister's functions under this Act.
(3) Nothing in this Act prevents the performance by the Central Bank of its functions in relation to Anglo Irish Bank or
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