Oireachtas Joint and Select Committees
Wednesday, 21 October 2020
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
Engagement with Governor of the Central Bank
Peadar Tóibín (Meath West, Aontú) | Oireachtas source
As was said earlier, the ambition and focus of a long-term investor in a bank operating in a market in this State would have a different profile from international vulture funds that have other objectives in their engagement with the State. On the pressure being put on domestic firms at the moment, impaired loan provisions for businesses, especially domestic businesses, are currently worryingly high in the State. What arrangements has the Central Bank in place to support domestic firms whose loans are considered to be distressed and is there any way we can assure these firms their loans will not be passed on to vulture funds in the future?
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