Michael Noonan (Limerick City, Fine Gael) | Oireachtas source

As I stated, the Central Bank code of conduct for business lending to small and medium enterprises has been strengthened in certain areas resulting in the Central Bank (Supervision and Enforcement) Act 2013 (Section 48) (Lending to Small and Medium-sized Enterprises) Regulations 2015. These regulations only come into effect on 1 July next. I have not familiarised myself with the details of the regulations, but there may be something in there which helps to solve the problem raised by the Deputy. However, if it is not resolved and it is as he says, I will arrange for him to talk to my officials to see if we can come up with a statutory vehicle to resolve the matter.

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