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

That is a grey area that should be cleared up. If they are servicing the loans in this country, they should be compelled to comply with Central Bank regulations.

Ms Nolan said that it was not envisaged in the IBRC liquidation that mortgages would be sold on. Could she elaborate on that? I acknowledge that the special liquidators are trying to do the best thing by the taxpayer and get the best price for loan book but they must have been told at the time of the liquidation what the strategy was for the work out of the mortgages. Were they told that the mortgages would not be sold into the market?