Oireachtas Joint and Select Committees

Thursday, 20 December 2012

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Role and Contribution of Public Interest Directors in Financial Institutions: Discussion

11:35 am

Photo of Stephen DonnellyStephen Donnelly (Wicklow, Independent) | Oireachtas source

Thank you. Within the context of public interest versus the interest of the bank, I want to come on to the personal insolvency legislation. As I am sure both witnesses are aware, it is the clear intent of the Minister for Justice and Equality, Deputy Shatter, and the Government that there would be debt forgiveness as part of the personal insolvency legislation. Mr. Boucher is reported in Monday's newspapers as "categorically ruling out reducing a portion of the personal debt of any of its customers". Can the witnesses tell me their position? Do they agree with Mr. Boucher or, as public interest directors, do they disagree with his position?

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