Oireachtas Joint and Select Committees
Thursday, 20 October 2016
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
Central Bank (Variable Rate Mortgages) Bill 2016: Discussion
10:00 am
Kieran O'Donnell (Fine Gael) | Oireachtas source
Mr. Burgess's point is that if it is a trade off between allowing new competitors to come in or dealing with banks ripping off mortgage holders, the market is so small that we will not get a flood of competitors coming in. When it is a fine balance, Mr. Burgess feels it is a better decision to ensure the existing banks are charging appropriate rates.
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