Pearse Doherty (Donegal, Sinn Fein) | Oireachtas source

Earlier, a question was asked about vulture funds increasing rates to 10% and so on. The question was dealt with by other witnesses. The question need not apply only to a vulture fund; it could be a regulated entity such as AIB or Bank of Ireland. The limited powers the Central Bank has basically amount to no powers in this regard. Mr. Sibley can correct me if I am wrong, but if the Central Bank had this tool at the moment, it would not use it because the bank has a different view of how to address this issue. Where is the tipping point? When would the Central Bank start to introduce or use these tools? Let us suppose a vulture fund applied a 6% interest rate on mortgages. Would the Central Bank use these tools?