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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 29 November 2022 - onwards
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5A. General functions and powers of the Bank.

(1) The Bank has the following functions:

(a) to carry out the efficient and effective co-ordination of -

(i) the activities of the Bank,

(ii) activities undertaken by persons who provide services to, or receive services from, the Bank, and

(iii) the exchange of information between the Bank and any of those persons;

(aa) the functions provided for by the Central Bank and Credit Institutions (Resolution) Act 2011;

(ab) the functions of the resolution authority under the European Union (Bank Recovery and Resolution) Regulations (S.I No. 289 of 2015);

(b) where appropriate, to represent and co-ordinate the representation of the Bank on international financial bodies and at international meetings relating to financial or economic matters;

(c) to establish and maintain, either directly or indirectly, contact with the monetary authorities established in other countries and in territories;

(d) whenever it thinks fit, to provide governments of, and financial institutions and other bodies estab

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