Oireachtas Joint and Select Committees

Wednesday, 30 April 2014

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Mortgage Arrears Resolution Process (Resumed): Insolvency Service of Ireland

12:10 pm

Photo of Stephen DonnellyStephen Donnelly (Wicklow, Independent) | Oireachtas source

I am sorry to cut across Mr. O'Connor, but the time remaining to me is limited. Mr. O'Connor is staying within his own parameters, but I am asking him to think outside those parameters. If the Minister for Finance came to Mr. O'Connor and asked for 40,000 cases to be resolved by the end of the year instead of 4,000, what would it take to achieve that? I am envisaging a situation where the Minister undertook to push through whatever Mr. O'Connor said he needed in terms of legislation, funding, tackling the banks, giving the Central Bank new powers or whatever else. What would he ask for?

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