Dublin deflects ECB criticism of bank law


Dublin on Monday rebutted some key points of the European Central Bank's (ECB) critique of a draft law that paves the way for restructuring of Ireland's beleaguered banks.

An ECB opinion, published Friday, criticised the "far-reaching powers" that the Credit Institutions Stabilisation Bill, a law drafted to aid in bank restructuring, endows on the Irish finance minister. It also found fault with the lack of legal clarity in some areas of the text, which, it said, could lead to infringement on

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: