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
Michael McGrath (Cork South Central, Fianna Fail) | Oireachtas source
New entrants to the market will always be welcome and will be able to charge a rate from which they can achieve a fair return. They will be able to charge a rate that is above their cost of funds, taking into account all of the other factors that feed into variable rates. I do not accept the Senator's argument.
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