Kevin Humphreys (Dublin South East, Labour) | Oireachtas source

I do not intend to use the full amount of time allotted to me because our guests have explained a great deal. I look forward to the roadshow being rolled out because I agree with Mr. Lehane that bankruptcy is a viable option. It is also a powerful tool in the context of dealing with creditors. I apologise that I was not present for some of the presentation.

I wish to comment on some of what Mr. O'Connor said during his initial contribution. I questioned the CEO of Bank of Ireland, Mr. Richie Boucher, at length in respect of a particular matter and he articulated a policy of no debt write-down. Mr. O'Connor went to great lengths to explain that he wants to be fair to creditors, debtors and all others involved in the process. I put it to him that the policy articulated by the CEO of Bank of Ireland is not fair to either the bank, which is the creditor, or to the debtor. The policy in question actually forces the latter down into a position of bankruptcy. I am of the view that Bank of Ireland must change its policy statement. Is this also a fair reflection of the position of ISI?