Michael McGrath (Cork South Central, Fianna Fail) | Oireachtas source

Does Mr. Moran think that is an issue of operational capacity or an issue of a willingness to tackle the issue? Each bank has deployed hundreds of staff to deal with mortgage arrears but they are not getting down to the level of agreeing sustainable restructuring of debt with people. They are moving them to interest-only mortgages and extending the term of mortgages. The advance forbearance options are being rolled out extremely slowly, as we discovered last week. Surely it is more than an issue of operational capacity. There does not seem to be a willingness to get down to the level of each loan and, where necessary, writing off debt if it is clearly unsustainable.