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

I will conclude on this because I am going to bring some other speakers in. What makes the IBRC different from NAMA? Although the IBRC is a State-run bank, NAMA is probably even less of a State structure in many ways. If the committee needs to raise this issue with the Minister for Finance it will do so. However, given the Minister's instruction to NAMA last year with regard to upward-only rent reviews, why does the IBRC not seem to be proactively dealing with this? The information I have to hand is that the IBRC is chasing landlords based outside the State with whom it has agreements, while the companies concerned are losing money hand over fist. If the IBRC pursues this course in terms of its wider public interest it will close those companies down, which will also have a net effect for the taxpayer.