Oireachtas Joint and Select Committees

Tuesday, 7 July 2020

Special Committee on Covid-19 Response

Impact of Covid-19: Overall Fiscal and Monetary Position

Mr. Gabriel Makhlouf:

Absolutely. There is a difference of approach across Europe. Some banks have entered into voluntary arrangements as we have here but they have decided not to charge interest under particular circumstances. Others have legislative requirements so they have not actually chosen but have been required to not charge interest so it is quite heterogenous, quite different. They are all, however, within the EBA guidelines.