Oireachtas Joint and Select Committees

Wednesday, 16 January 2013

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Matters Relating to the Economy: Discussion with Governor of Central Bank

2:40 pm

Photo of Kieran O'DonnellKieran O'Donnell (Limerick City, Fine Gael) | Oireachtas source

Thank you, Chairman. What will Professor Honohan do to ensure that the banks will now come to arrangements with mortgage holders? He has stated repeatedly that the banks are adequately capitalised. What will he do to ensure that when people come to the banks they will hold reasonable discussions and negotiations with them instead of, as Ms Muldoon said, paying lip service? Professor Honohan needs to get off the pot and say what he is going to do, otherwise it is not good enough. As director of credit institutions and insurance supervision, Ms Fiona Muldoon is one of the Central Bank's senior personnel.

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