Oireachtas Joint and Select Committees

Wednesday, 29 January 2014

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Report on Licensed Moneylending Industry: Central Bank of Ireland

4:15 pm

Mr. Bernard Sheridan:

If, for example, we refuse a firm a licence or if a firm wishes to increase its current rates, it is free to challenge our decision. We have confidence in our position but we cannot turn to a piece of legislation that says there is a market cap that the firm cannot go above.