Ciarán Lynch (Cork South Central, Labour) | Oireachtas source

Okay. It is mandatory to protect mortgage repayments in the Canadian and Dutch models of mortgage lending practice. As a result, neither Canada nor the Netherlands suffered a property bubble. Products were designed by companies such as Genworth to protect 30% of the equity. Because the governments of those countries introduced such a mandatory ruling, they had positive outcomes. From our perspective, it would have meant that one was protected for the first two years of repayments following default. Does Mr. Murphy have a view on the benefit of examining protection of the mortgage itself, not in the event of the person's dying but in the event of his or her losing a job or becoming disabled for a temporary period?