Shane Ross (Dublin South, Independent) | Oireachtas source

The Central Bank has stated that under the guise of a commercial mandate, the two pillar banks and other banks are still practising as though they were independent bodies irrespective of the wishes of the Government and the Central Bank. The Government should put the boot on the necks of the banks and give them specific instructions. If this means, as Deputy Adams suggested, that legislation must be introduced to ensure Government control over areas where the banks are abusing mortgages and interest rates, it should be done. Will the Taoiseach outline the specific measures the Government will introduce to enable it to force the banks to behave on a day-to-day basis in a manner that is acceptable to it and in the national interest?

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