Michael McGrath (Cork South Central, Fianna Fail) | Oireachtas source

Section 5 sets out a number of intervention options that are open to the Central Bank. It sets out four different options in terms of what the bank could do if it arrived at the conclusion that there has been a market failure in the case of one lender or a group of lenders or in the market generally. In such circumstances, it could intervene and set a cap on a particular rate. It could specify a rate or a cap in terms of the margin above the lender's cost of funds that it would be allowed to charge.