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

2:45 pm

Professor Patrick Honohan:

It depends on the types of cases they are taking. There is no way this is working out perfectly. I am listening closely to the comments of the Deputies, as I listen to other comments, but I believe progress is being made. It is not going backwards. It is going forwards, and as the quality of the engagement and the selection of solutions improves, I believe that progress can accelerate but I am not excluding a tightening or strengthening of our code and our definition of sustainability.

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