Kieran O'Donnell (Limerick City, Fine Gael) | Oireachtas source

I wish to make a couple of points. First, it is five years since we had the mortgage crisis and it is too little too late. I agree with Deputy Michael McGrath on the fact that the audits are now only being conducted and is a huge delay.

Second, I would like the Governor to comment on the inconsistencies between the various institutions. The fact is that Bank of Ireland is charging a normal interest rate on its split mortgage and it has only given 19 of them up to the end of June. He said that the banks have evolved more in regard to the products that they are putting out. PermanentTSB has gone from 1,000 assisted voluntary sales at the end of June to 2,000 at the end of September. I would like to hear the Governor's comment on that particular point.

Third, the Governor went on record a number of months ago but it is not in his statement today. This is nothing personal; this is business. He is on record as saying that the banks have adequate capital and, in a best case scenario, they got €5.8 billion of taxpayers' money in June 2011 to deal with the issue of write-offs in the banks. Does he believe that they adequately capitalised to deal with that measure at this particular time?

Fourth, with regard to the targets that are set down by the banks, it is about putting sustainable solutions in place. I ask the Governor to deal with those points. The banks are not moving fast enough. Are they, in reality, capitalised? Perhaps he will comment on the inconsistencies between the treatments or solutions that are provided by the various institutions.