(1) The designated authority may, on behalf of the Fund, contract borrowings or other forms of support from credit institutions, financial institutions or other third parties where -

(a) the amounts raised in accordance with Regulation 20 are not sufficient to cover the losses, costs or other expenses incurred by the Fund, and

(b) the extraordinary ex-post contributions provided for in Regulation 21 are not immediately accessible or sufficient.

(2) The Bank may, subject to the existance of the circumstances set out in section 8 of the Financial Services (Deposit Guarantee Scheme) Act 2009 (No. 13 of 2009), when the Bank considers it appropriate and to such extent it thinks proper from time to time necessary for safeguarding systemic stability having had regard to the need to -

(a) protect the interest of persons or any class of persons maintaining deposits with one or more credit institutionsauthorised or formerly authorised by the Bank, or

(b) promote the orderly and proper regulation of banking,