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
Kieran O'Donnell (Limerick City, Fine Gael) | Oireachtas source
In the limited time I have, may I put it in context? I am worried that when the banks come out of this, which they will, they will undertake wholesale repossessions. Effectively, banks will be banks, so what changes are we going to see?
What procedures will be put in place by the Central Bank to ensure that the banks will effectively deal with the mortgage crisis and allow people to remain in their own homes? Can Professor Honohan say, without saying "systematic", that the Central Bank will ensure that the banks, in implementing the insolvency legislation, will look after mortgage holders who are afraid of losing their homes?
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