The Central Bank and Credit Institutions (Resolution) Bill 2011 was published yesterday, 28 February 2011. The Bill is designed to provide what is described as an "effective and efficient resolution regime" to deal with authorised banks and credit institutions which are failing or are in danger of failing, and to facilitate the orderly wind-up of insolvent institutions. The Bill amends certain Acts including the Credit Institutions (Stabilisation) Act 2010 and it gives the Central Bank powers to intervene where it appears that an authorised bank or credit institution is failing.