Saturday June 6, 2020

Minister for Finance to get new powers over mergers

Minister for Finance Brian Lenihan is to be granted sweeping new powers to override existing legislation governing bank mergers in order to facilitate swift changes of ownership in the Irish banking sector.

3rd July, 2010

Minister for Finance Brian Lenihan is to be granted sweeping new powers to override existing legislation governing bank mergers in order to facilitate swift changes of ownership in the Irish banking sector.

Lenihan’s new powers will include the ability to waive an existing four-month waiting period that must elapse before a bank merger can take place.

Under the existing legal framework, an institution with an Irish banking licence that wants to transfer its...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader

Trial

€1

Unlimited Access for 1 Month

Then €19.99 a month after the offer period.

Get basic
*New subscribers only
You can cancel any time.

Annual

€200

€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.

Quarterly

€55

€42

90 Day Pass

You can cancel any time.

Team Pass

Get a Business Account for you and your team

Share this post

Related Stories

The best writing and and the biggest stories of 2019 from the Business Post

Richie Oakley | 5 months ago

Denis O’Brien is back in court, residents continue to fight the Council on halting site and a row surfaces in government over rent control proposals

Leanna Byrne | 4 years ago