Section 68, The Banking Act, 2019

(1) The Central Bank shall be the resolution authority forbanks licensed or registered under this Act. (2) The Central Bank shall, exercise its powers and perform its functions in relation to a bank in resolution, have regard to and seek to promote the stability of the financial system, protect depositors, maintain the continuity of systemically important financial services, while minimising or avoiding reliance on public funds for any losses. 84 85 Resolution authority. Prompt corrective action for significantaly undercapitalised banks and holding companies. No. 6 The Banking Act 2019No. 6 The Banking Act 201986 87 (3) The Central Bank shall, in exercising its powers and performing its functions in relation to a financial holding company in resolution, have regard to and seek to minimise any adverse impact on the interests of shareholders and creditors of other members in the group of companies of which the financial holding company in resolution forms part.