Question 1

What does the Finance (European Stability Mechanism and Single Resolution Fund) Bill 2021 do?

Accepted Answer

Approves two international agreements amending the European Stability Mechanism Treaty and the Single Resolution Fund arrangement, ratifying reforms agreed by eurozone countries in November 2020. Enables Ireland to introduce the Common Backstop to the Single Resolution Fund in January 2022, two years ahead of schedule, and updates Ireland's ESM capital contribution following Slovakia's correction period end. Amends three existing Irish Acts to update definitions and extend their scope to cover the new amending agreements, with no significant additional exchequer costs.

Question 2

What stage is the Finance (European Stability Mechanism and Single Resolution Fund) Bill 2021 at?

Accepted Answer

As of 11 Sep 2024, the Finance (European Stability Mechanism and Single Resolution Fund) Bill 2021 is at Enacted. Once a bill passes every stage in both Houses of the Oireachtas and is signed by the President, it becomes law.

Question 3

Who introduced the Finance (European Stability Mechanism and Single Resolution Fund) Bill 2021?

Accepted Answer

The Finance (European Stability Mechanism and Single Resolution Fund) Bill 2021 was sponsored by Minister for Finance, and was introduced on 31 Aug 2021.

Finance (European Stability Mechanism and Single Resolution Fund) Bill 2021

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