Mairead Farrell (Galway West, Sinn Fein) | Oireachtas source

We will deal with the Central Bank directly on the issues raised by constituents. Approximately 200,000 people are facing the prospect of losing their jobs overnight. They will not be able to avail of this. It is an extremely worrying time for such people.

I will also mention the issue of business interruption insurance. As the witnesses are well aware, there is a significant number of businesses fighting to have their insurers pay out on their business interruption insurance. There is even a test case before the courts which, of course, is up to the courts to decide.

We do know that in Britain, the Financial Conduct Authority, FCA, which acts as the regulator, took a case on behalf of numerous businesses against the insurance industry. The concern is that the issue of business interruption insurance will be another tracker mortgage scandal in waiting. Should the case before the court be successful, what steps will the Central Bank take to protect customers in this regard? It is another scandal in waiting.