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

3:50 pm

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

I thank the Governor. If Bank of Ireland and Permanent TSB do what they state they will do, which is to absolutely rule out debt surrender, which Professor Honohan stated is part of the Personal Insolvency Act, what can and will the Central Bank do if it sees that these banks are not engaging in what the Government has deemed to be in the public interest within this legislation?

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