Oireachtas Joint and Select Committees
Thursday, 13 June 2013
Public Accounts Committee
Special Report No. 72 of the Comptroller and Auditor General: Financial Regulator (Resumed)
2:50 pm
Kieran O'Donnell (Limerick City, Fine Gael) | Oireachtas source
What about loan-to-income limits? Traditionally here it was two to two and a half times principal salary and one to one and a half times second salary and it served us reasonably well. During the Celtic tiger it went up as high as six times one's salary. Could Mr. Elderfield see room for that measure, which is very straightforward? Could he elaborate on the particular engagement with the banks on laying down such rules now?
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