Irish Bank Resolution Corporation Act 2013
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.