Dáil Éireann Debate, Wednesday - 3 March 2021
685. Deputy Jim O'Callaghan asked the Minister for Justice 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]
View answerI 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.
