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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