Seanad debates

Tuesday, 18 October 2011

Central Bank and Credit Institutions (Resolution) (No. 2) Bill 2011: Second Stage

 

3:00 pm

Photo of Michael D'ArcyMichael 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.

Comments

No comments

Log in or join to post a public comment.