Oireachtas Joint and Select Committees
Wednesday, 25 September 2013
Joint Oireachtas Committee on Finance, Public Expenditure and Reform
Matters Relating to the Economy: Discussion with Governor of Central Bank
4:20 pm
Richard Boyd Barrett (Dún Laoghaire, People Before Profit Alliance) | Oireachtas source
In respect of cases where people are dealing with their banks now and where there is evidence that those banks engaged in really reckless lending in the past - individuals I have met are willing to testify that some institutions were literally throwing money at them, encouraging them to take out loans that they knew were crazy or providing bad advice - is the Central Bank position to intervene? Can evidence of reckless lending of the kind to which I refer be a factor in people's current negotiations with the banks? Can someone provide evidence to the Central Bank to the effect that a bank behaved in an utterly reckless fashion in the past? If that is possible, can the Central Bank intervene?
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