Seanad debates
Tuesday, 18 October 2011
Central Bank and Credit Institutions (Resolution) (No. 2) Bill 2011: Second Stage
3:00 pm
Michael D'Arcy (Fine Gael)
We should accept that the Credit Review Office, CRO, is somewhat irrelevant. To date this year, some 83 cases in respect of amounts of over €250,000 have been taken to it. People do not reach the CRO because the banks do not give them an opportunity to apply for loans. This is the reality.
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