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
3:45 pm
Fidelma Healy Eames (Fine Gael) | Oireachtas source
What I hear from that is that the Central Bank is giving the banks time. That would be helpful if the same time was given to their customers. Sanctions are being imposed on customers, such as repossession and putting them out on the street. It is not a two-way process. Is Professor Honohan aware that some people move from pre-arrears into arrears because the banks do not come back to them quickly enough?
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