Oireachtas Joint and Select Committees

Thursday, 10 May 2018

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach

Banking Sector: Quarterly Engagement with the Central Bank of Ireland

9:30 am

Photo of Rose Conway WalshRose Conway Walsh (Sinn Fein) | Oireachtas source

The bank has enough resources to do what it needs to do. I am concerned that it is looking at vulture funds through a very narrow prism and from the point of view of the need to protect banks and financial institutions. I am worried that farmers, small businesses, homeowners or people who have bought a second home are being sacrificed as a result. The governor said that, were there to be a banking collapse, there would be less of an impact for vulture funds than for regulated entities.

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