Oireachtas Joint and Select Committees
Thursday, 28 May 2015
Joint Oireachtas Committee on Finance, Public Expenditure and Reform
Overview of the Banking Sector: Central Bank of Ireland
2:00 pm
Arthur Spring (Kerry North-West Limerick, Labour) | Oireachtas source
The level of equity is now far greater. It is, however, still a constraint and goes back to the net question as to why the banks are at a figure of 10% and whether there is a role for the Central Bank to play. I remember the Central Bank reports we had to produce on the percentage of business in agriculture, the percentage in industry, etc., when I was working in the banking sector. The Central Bank has all of that data. The amount of new money available for site finance and building houses has been compressed enormously.
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