Oireachtas Joint and Select Committees

Wednesday, 26 February 2014

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Sale of IBRC Mortgage Loan Book: Discussion

3:10 pm

Photo of Arthur SpringArthur Spring (Kerry North-West Limerick, Labour) | Oireachtas source

The special liquidators have also said that in their opinions, if they were legally to oblige the purchasers of the mortgage book to adhere to the code of conduct and to the mortgage arrears resolution process, MARP, etc., the value that would be involved in the sale would be less than if they were not obliged. Is that correct?

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