Ireland has today (25th of October 2012) successfully concluded the eighth review mission of our EU-IMF Programme. In line with each of the previous quarterly reviews, Ireland has met all of the commitments and our continued strong programme implementation has been recognized by the Troika.
The Minister for Finance, Mr. Michael Noonan, TD, has signed into law regulations providing for contributions by authorised credit institutions to a Resolution Fund pursuant to Section 15 of the Central Bank and Credit Institutions (Resolution) Act 2011.
The following statement on the end-September 2012 Exchequer Returns was issued today (Tuesday, 2nd October 2012) by the Minister for Finance, Mr. Michael Noonan, T.D. and the Minister for Public Expenditure and Reform, Mr. Brendan Howlin, T.D.
Commenting on the end-September 2012 Exchequer Returns, Minister Noonan & Minister Howlin said:
The Minister for Finance today (28th September 2012) published the Credit Reporting Bill 2012. The Bill provides for the establishment and operation of a statutory Central Credit Register (CCR) system in Ireland. The publication of the bill by the end of September is a commitment under the EU-IMF Programme of Assistance.
Minister for Finance Michael Noonan TD publishes the
The Minister for Finance, Mr. Michael Noonan T.D., has today published the Credit Union Bill 2012. The Bill gives effect to many of the recommendations of the Final Report of the Commission on Credit Unions, which was agreed unanimously by the Commission’s members, including credit union stakeholders.
21.09.12Minister for Finance fixes date to bring Part 3 of the Central Bank Reform Act 2010, relating to fitness and probity, into operation for credit unions
The Minister for Finance, Mr. Michael Noonan, TD, has signed an Order bringing Part 3 of the Central Bank Reform Act 2010, as it applies to and in relation to credit unions, into operation from 24th September 2012. From that date, the Central Bank of Ireland will have powers to set out Regulations and a Code of Fitness and Probity for credit unions.
21.09.12Minister for Finance sets date for Credit Unions to maintain deposit at Central Bank of Ireland in relation to the Deposit Guarantee Scheme
The Minister for Finance, Mr.
14.09.12The Minister for Finance Mr. Michael Noonan T.D. welcomes today's successful sale of t-bill by NTMA.
"todays's successful sale at yield of 0.7% and a cover of 3 times is an excellent result and marks a significant improvement on the previous yields of 1.8% in July. This results builds upon the NTMA's return to markets this summer and once again highlights the improvement in market sentiment towards Ireland.
The Minister of Finance, Mr. Michael Noonan TD, welcomed the publication today (10th September 2012) by the IMF of it 2012 Article IV Review. This Review sets out the detail of the issues which were previously presented in the Concluding Statement of the IMF Article IV Mission, published on 18th July.
07.09.12Minister for Finance announces the appointment of members to the Credit Union Restructuring Board (ReBo)
The Minister for Finance, Mr Michael Noonan TD, has appointed members to the Credit Union Restructuring Board (ReBo) with effect from 31 August 2012.
As recommended in the Report of the Commission on Credit Unions published on 18 April 2012, the ReBo is being established on a time-bound basis to facilitate and support the restructuring of Credit Unions.