Oireachtas Joint and Select Committees

Wednesday, 3 December 2014

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Business of Joint Committee
General Scheme of Sale of Loan Books to Unregulated Third Parties Bill 2014: Discussion

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2:20 pm

Mr. John Hogan:

Some of the institutions which purchased loan books have made commitments to adhere to the terms of the CCMA. Without Central Bank involvement that is not enforceable. What the legislation attempts to do is bring some order to that arrangement.

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