Fidelma Healy Eames (Fine Gael) | Oireachtas source

It is a problem.

I understand that Professor Honohan is talking about progress regarding an overall sustainable solution. I am working with many people in this area such as David Hall. At a meeting in Galway on 12 April 2014, I met 65 people who are in serious difficulty and had one-to-one meetings with insolvency people. There is huge stress and disarray. I will alert Professor Honohan to a number of problems relating to how the banks are dealing with people in difficulty. It is our aim and that of Professor Honohan to help these clients in difficulty reach a sustainable solution. It should be the aim of everyone. I challenge Professor Honohan to say here that the Central Bank protects the integrity of the banking system and the people in arrears and will tell banks to cough up and tell it how many of the 20,000 people in arrears are now at the standard financial statement stage.

How many are at resolution stage and how many are at appeal stage? Call it micro management if one likes, but the Central Bank needs to get down and dirty at that level. Why is that not happening?