Oireachtas Joint and Select Committees
Wednesday, 1 June 2022
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
Use of Section 110 by Russian Firms: Dr. Jim Stewart
John McGuinness (Carlow-Kilkenny, Fianna Fail) | Oireachtas source
The question for the Central Bank is on what it is doing with the data that it collects. Does it store them? Does it read them? Does it have a picture of what is going on? It may be a matter between the Central Bank and the Minister for Finance or, generally speaking, this committee could ask the Central Bank. In terms of the negative equity and large losses which Dr. Stewart spoke about in his opening statement, it is the debt providers that suffer those losses. Is there a record, anywhere in the system, of a company registered as a section 110 firm having to renege on its debt? Is there any record of what firms and how much?
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