Oireachtas Joint and Select Committees

Wednesday, 30 April 2014

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Mortgage Arrears Resolution Process (Resumed): Central Bank of Ireland

1:35 pm

Photo of Paul CoghlanPaul Coghlan (Fine Gael) | Oireachtas source

Professor Honohan is as welcome as ever. Given a lack of uniformity arising from the different treatment of mortgage arrears by the different financial institutions, I am particularly concerned about the unsavoury practices of those banks which are exiting the Irish market. Professor Honohan might want to comment on that. I think he has answered the other part of my question in answering Deputy McGrath because I was going to ask him about his view of the regulatory system. Given the appalling mistakes of the past - I did not want to refer to any court case - has Professor Honohan anything further to say about that and the oversight arrangements he believes are now in place to ensure, as he said, that this could never happen again? Professor Honohan can hold anything further he might wish to say until Deputy O'Donnell is finished.

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