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

Let me impress upon Mr. Wallace that saying we will legislate in the event that they do not comply is the same in valuation terms as making them comply now.

I ask Mr. Wallace to discuss this further with those who are bidding because no person putting a valuation together would see a difference at the moment but that would give security and protection to those who are purchasing.

I have a question regarding securitisation. Most of us are familiar with the concept of packaging a large number of mortgages in Ireland before selling them elsewhere. Where will the operations relating to the mortgages reside going forward?