Michael D'Arcy (Wexford, Fine Gael)
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Would the board consider it, please? I wish to cite a scenario without naming anyone. If a bank holds a body's loan, it is different than a vulture or investment fund. Investment funds can package loans and put their interests ahead of the interests of the borrower. They meet the letter of the criteria, but not their spirit. For any company that is over the €3.5 million threshold, its only recourse is to a court of law. It does not have the faster prospect of the Financial Services Ombudsman. When can the witnesses revert to us and when can they bring this policy proposal to their board?