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

3:05 pm

Photo of Arthur SpringArthur Spring (Kerry North-West Limerick, Labour) | Oireachtas source

I thank the Governor for attending. I was listening to him in my office. I wish to deal with three specific areas. I appreciate that the discussion is revolving entirely around mortgages at present. I will try to drill into it from a couple of different angles.

Around March 2011, we looked at recapitalising banks. BlackRock identified approximately €9.4 billion had to be poured into the banks to shore up the hole that existed at that point. What kind of funds were identified as required for Bank of Ireland and AIB, in particular, at that point?

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