Oireachtas Joint and Select Committees
Tuesday, 15 April 2014
Joint Oireachtas Committee on Finance, Public Expenditure and Reform
Irish Stability Programme Update: Minister for Finance
8:45 pm
Sean Barrett (Independent) | Oireachtas source
On the reform of banking, Mr. Boucher and co. were before the committee last week and they are still talking about 90% loan to value and 4.5% loan to income. Both of those are too high. Again, we have the ingredients for a property bubble, and we need controls on the way those institutions operate. What worries me when I see large property supplements in papers is that many of these institutions will do it all over again unless the Minister controls them.
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