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

As I indicated earlier - Professor Honohan will have coalface experience of this - we are learning how to model solutions as the situation evolves. There are variations of solutions being applied by different banks. It is important there is consistency of approach between the financial institutions. Currently, the split mortgage available from Allied Irish Bank and Bank of Ireland differs in that in respect of AIB, interest on the warehoused portion of the mortgage is also parked and in respect of Bank of Ireland that interest is payable. I understand that Bank of Ireland is currently considering making distinctions between people on variable interest rates and tracker rates in the context of split mortgages. There are many different variations of solutions. While the solutions being proposed by Ulster Bank are accepted as meeting the targets, are other solutions being applied that the Central Bank considers are not doing so?