Oireachtas Joint and Select Committees
Tuesday, 7 July 2020
Special Committee on Covid-19 Response
Impact of Covid-19: Overall Fiscal and Monetary Position
Pearse Doherty (Donegal, Sinn Fein) | Oireachtas source
When the chief executive of the Banking and Payments Federation of Ireland, Mr. Brian Hayes, noted at the meeting that the approach being taken here was the same as across Europe and was in line with the rules the banks were obligated to follow, that was not necessarily true because as Mr. Makhlouf said, there are various approaches across Europe and indeed many jurisdictions did not charge interest during the payment break. Is that correct?
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