Oireachtas Joint and Select Committees

Wednesday, 7 November 2012

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Statement of Strategy 2011-2014: Discussion with Department of Finance

2:55 pm

Photo of Pearse DohertyPearse Doherty (Donegal South West, Sinn Fein) | Oireachtas source

In regard to the mortgage issue, it is clear that the banks are dragging their feet. I am aware that the personal insolvency legislation is under the remit of a different Department, but will Mr. Moran indicates whether the banks lobbied the Department of Finance on the issue of the veto that is contained in the Bill? The most contentious aspect of the proposals is the provision whereby the banks will have the power to veto a personal insolvency arrangement. Was any advice forthcoming from Mr. Moran's Department on this issue and did the banks lobby him with a view to having an input into the legislation in this regard?

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