Oireachtas Joint and Select Committees

Tuesday, 9 June 2020

Special Committee on Covid-19 Response

Reopening the Economy: Supports for Business

Mr. Danny McCoy:

In that particular instance the liquidity transmission that we require is for money to go around. That is why the Central Bank, and the European Central Bank, are making those facilities available, so that the transmission through our pillar banks happens. Why it is not happening in those particular cases I do not know.

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