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

I have another question relating to competition. The Central Banks always says that a vigorous approach to competition policy leads to better outcomes for consumers. My next question does not relate to this particular Bill. Ms McEvoy has a background in investment funds and I would be interested in hearing her thoughts. It is an issue that is very much on the agenda and in the news at the moment.

A variety of people have said that when it comes to housing there is a preferential tax system for investment funds. There is concern that the tax system places ordinary householders and buyers at a competitive disadvantage relative to investor funds. The Master of the High Court said the EU Commission could take a case against Ireland for its preferential tax treatment of such investment firms.

The Central Bank cannot change tax policy. From the perspective of competition and consumer protections, what recommendations has the Central Bank made to the Government regarding its housing policy?