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
4:30 pm
Ciarán Lynch (Cork South Central, Labour) | Oireachtas source
We have a potential situation whereby people currently inside regulation will, through the process of sale, find themselves outside regulation. I ask the witnesses to clarify an issue for me. Let us take a resolution or restructuring process which results in a contractual arrangement between borrower and lender, that is, a legal agreement. Where does that legal agreement stand at the other side of the sale?
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