Financial Institutions (Resolution and Winding Up) Act, 2024, Tabled In The Senate
The Financial Institutions (Resolution and Winding Up) Act, 2024, was tabled in the Senate on Friday (June 28). According to the Fiscal Policy Paper for Financial Year 2024/25, the legislation provides a framework to address the resolution of non-viable financial institutions in an orderly manner that minimises the need to resort to public funds whilst preserving vital economic functions. The...