SCHEDULES
SCHEDULE 2Bail-in stabilisation option
PART 1Amendments of Banking Act 2009
Other amendments of the Act
I112
1
Section 1 (overview) is amended as follows.
2
In subsection (2)(a), for “three” substitute “
four
”
.
3
For subsection (3) substitute—
3
The four “stabilisation options” are—
a
transfer to a private sector purchaser (section 11),
b
transfer to a bridge bank (section 12),
c
the bail-in option (section 12A), and
d
transfer to temporary public ownership (section 13).
4
In subsection (4)—
a
for “three” substitute “
four
”
;
b
before paragraph (a) insert—
za
the resolution instrument powers (sections 12A(2) and 48U to 48W),
c
in paragraph (b), after “33” insert “
, 41A
”
.