Oireachtas Joint and Select Committees

Wednesday, 29 January 2014

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Report on Licensed Moneylending Industry: Central Bank of Ireland

3:55 pm

Photo of Ciarán LynchCiarán Lynch (Cork South Central, Labour) | Oireachtas source

Mr. Sheridan in his opening statement said that there is much commentary and concern in regard to what is happening in the high street in Britain. Is the Irish market as currently structured attractive to such lenders? Can the Central Bank, under current regulations, facilitate interest rates of 5,000% plus, as is currently the case in Britain?

Comments

No comments

Log in or join to post a public comment.