President Michael D. Higgins has signed the Irish Bank Resolution Bill 2013 in to law at Aras an Uachtaráin this morning.
The emergency legislation to liquidate the former Anglo Irish Bank was passed through the Dáil and Seanad in the early hours of this morning.
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Minister for Finance Michael Noonan said the leaking of a plan to liquidate IBRC as part of a promissory note deal forced the Government to legislate for its winding up.
A deal on the promissory notes is now expected to be announced later today.
Minister Noonan says last night’s legislation had been drafted for months:
