Written answers

Wednesday, 3 March 2021

Department of Justice and Equality

Interest Rates

Photo of Jim O'CallaghanJim O'Callaghan (Dublin Bay South, Fianna Fail)
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685. To ask the Tánaiste and Minister for Justice and Equality her plans to introduce legislative or regulatory measures in response to the proposed imposition of negative interest rates on solicitors’ client accounts; and if she will make a statement on the matter. [11709/21]

Photo of Helen McEnteeHelen McEntee (Meath East, Fine Gael)
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I do not believe that the issues raised by the Deputy are susceptible to being resolved by way of legislation from my Department.

To be of assistance more generally, I have made enquiries with my colleague the Minister for Finance who informs me that the application of interest rate charges is solely a commercial matter for the board and management of each bank.

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