Oireachtas Joint and Select Committees
Wednesday, 21 September 2022
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
Banking Issues: Discussion (Resumed)
Paschal Donohoe (Dublin Central, Fine Gael) | Oireachtas source
We cannot force investment funds to be involved in anything. To develop the Deputy's point a little more, it could well be the case that the pillar banks are deciding not to be involved in certain forms of construction activity. Indeed, it could also be the case that the interest rates and the commercial terms that banks are offering are not attractive enough for those who are involved in construction projects and because of that they look elsewhere, but it is absolutely not the case that they are being forced to do something.
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