On 4 June 2014, the Oireachtas enacted the Central Bank Act 2014 (No.9).

The Act has two purposes. First, it amends Part III of the Central Bank Act 1971, extending its provisions to building societies as well as banks, thereby making provision for the effective and expeditious transfer of the business and other assets and liabilities of building societies.

The second purpose is to make provision for certain payments out of the Central Fund to the account established by the ESM, as agent on behalf of the euro area Member States, to receive payments for the purpose of providing financial assistance to Greece.