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
3:50 pm
Richard Boyd Barrett (Dún Laoghaire, People Before Profit Alliance) | Oireachtas source
The witnesses have justified their approach to this by saying they have a legal imperative to get the best value for the IBRC mortgage book and that if it was a condition of the sale that the purchaser was forced to sign up to the consumer code, MARP and so forth, it would potentially impact on what they might be willing to pay and therefore the public would not get the best value. Is that not essentially their argument?
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