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

12:20 pm

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

I accept that the roadshow is going to swing into gear but in what other ways might we communicate information to people? The changes brought about by the new bankruptcy legislation have empowered people in debt with regard to their dealings with their banks. The changes to which I refer constitute a mechanism that is designed to force the parties involved to negotiate realistically. From my point of view, the CEOs of the banks who appeared before this committee have still not recognised reality in this regard. Would it be worthwhile for the ISI to meet the CEOs of the banks again and state that it is carrying out a publicity roadshow and is going to inform the public - in a much stronger way - that this is a real option and that it is perhaps time they returned to the table with a sense of reality? Has the ISI already engaged at this level with the banks? I accept it is probably not the ISI's role but-----

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