|
Purposes of Act.
|
3.— The purposes of this Act are as follows—
|
| |
(a) to help to address the continuing serious disturbance in the economy of the State;
|
| |
(b) to provide for the winding up of IBRC in an orderly and efficient manner in the public interest;
|
| |
(c) to end the exposure of the State and the Bank to IBRC;
|
| |
(d) to help to restore the financial position of the State;
|
| |
(e) to help to enable the State to re-establish normalised access to the international debt markets;
|
| |
(f) to assist, to the extent achievable, in recovering the financial assistance provided by the State to IBRC as fully and efficiently as possible;
|
| |
(g) to resolve the debt of IBRC to the Bank;
|
| |
(h) to protect the interests of taxpayers;
|
| |
(i) to restore confidence in the banking sector by furthering the reorganisation of the Irish banking system in the public interest;
|
| |
(j) to underpin Government support measures in relation to the banking sector.
|