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
2:20 pm
Tom Barry (Cork East, Fine Gael) | Oireachtas source
Earlier this year, Rabobank did not sell its loan book to a third party but left the market and demanded all moneys back from loans to SMEs. Anyone with a mixed loan book who had property, etc, was almost unbankable. It would have been easier to sell it to a third party. Would that situation be covered by this legislation?
No comments