Number 2 of 2013
AN ACT TO PROVIDE FOR THE WINDING UP OF IBRC AND TO PROVIDE FOR CONNECTED MATTERS.
WHEREAS it is necessary, in the public interest, to provide for the orderly winding up of the affairs of IBRC to help to address the continuing serious disturbance in the economy of the State;
AND WHEREAS vital assistance has been provided by the State to maintain the functioning of IBRC to support the financial stability of the State;
AND WHEREAS vital assistance has been provided by the Central Bank of Ireland to maintain the functioning of IBRC to support the stability of the Irish financial system;
AND WHEREAS the maintenance of the functioning of IBRC is no longer necessary to support the financial stability of the State or the stability of the Irish financial system;
AND WHEREAS it is necessary to end the exposure of the State and the Central Bank of Ireland to IBRC;
AND WHEREAS the winding up of IBRC is now necessary to help to restore the financial position of the State and to he
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