Oireachtas Joint and Select Committees

Wednesday, 4 September 2013

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Overview of Financial Sector: Discussion with Bank of Ireland

10:25 am

Photo of Ciarán LynchCiarán Lynch (Cork South Central, Labour) | Oireachtas source

Mr. Boucher, we are trying to do two things. One is to try to figure out if the bank has hit the target and get a breakdown of how that target has been met and then drill into the approaches to meeting these targets. We are very cognisant that there must be some similarity across the different banks with regard to the approaches they are making, for example, whether there is a similarity with regard to split mortgages and whether people in similar situations with different banks are being responded to in a similar fashion. That is what we are trying to establish; therefore, we must get the figures to ascertain how many split mortgages the bank has established, how many mortgages have been converted to rent and so forth. It is the specific resolutions rather than the macro resolution number that we need. We need that level of detail.

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