Michael McGrath (Cork South Central, Fianna Fail) | Oireachtas source

I respect the role of the Central Bank but we also have a duty to request information and advocate for SMEs, which believe they were essentially put into a graveyard when they were put into GRG. More than 2,000 businesses went into it but fewer than 100 came out alive. For some time, we have heard that the Central Bank is engaging with Ulster Bank. I still do not really know what that means. I welcome that the Central Bank has had contact with the FCA in the UK, but I would like the Minister to confirm whether the Central Bank has initiated an investigation. Will there be a report? Will something be produced as an outcome to this issue in regard to the Central Bank's consideration of it? The SMEs involved, which believe they were treated very badly and the many businesses which closed, resulting in with job losses, deserve the truth.

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