Oireachtas Joint and Select Committees
Wednesday, 25 January 2023
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
Economic Issues: Engagement with Governor of the Central Bank of Ireland
Peadar Tóibín (Meath West, Aontú) | Oireachtas source
Very good. In relation to the issues of the vulture funds and the interest rates they are charging, Mr. Madouros mentioned the code earlier. The code is a mechanism by which it is understood that we can make sure that vulture funds are adhering to Irish regulations. Is there any lever currently in place in the code to force the vulture funds to stop charging interest rates that are 2%, 3% and 4% higher than the traditional banks?
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