Document background
A Bank Resolution Form is a critical corporate governance document used in Ireland when an organization needs to establish or modify its banking arrangements. It serves as the formal authorization from the board of directors to designated individuals for conducting banking activities on behalf of the organization. The document is required by Irish banks to comply with regulatory requirements and protect both the bank and the organization. It typically follows a board meeting where the banking arrangements are approved and must comply with both the Companies Act 2014 and banking regulations. The form includes crucial details such as authorized signatories, transaction limits, approved banking services, and specific powers granted to each authorized individual.
