Oireachtas Joint and Select Committees
Wednesday, 13 December 2023
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
Credit Servicers Directive: Discussion
John McGuinness (Carlow-Kilkenny, Fianna Fail) | Oireachtas source
If a person was to invest an awful lot of money in a fund, he or she might get a return of 1%, 2% or 3%. I am talking about the fund itself, depending on what it is. However, this fund is now in a position to increase its chances of huge interest rates by just saying it will increase the interest rates to the European average of, say, 6%, 7% or 9% and, therefore, now, they are really making money.
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