Kieran O'Donnell (Fine Gael)
Link to this: Individually | In context | Oireachtas source

I do not dispute the Governor's finding that it reduces the exposure. However, he said the Central Bank's mission statement is to operate in the best interests of consumers and the wider economy. We are duty bound to ask the question. The Governor made reference to it earlier. I am just putting a view that in many cases we are being told that many of these investment funds are not strictly investment funds. They are funds that might have borrowed from pension funds abroad. They are 100% geared with short-term sources of funding, borrowing for assets that in profile are long term, mainly home mortgages.