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

2:40 pm

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

Does this change anything that has been done previously by the banks in securitising mortgage loans? It is the same fundamental principle. If a person has entered into a contract with an organisation that is regulated by the Irish State, does it matter where the money or the block book is sold on to? Is the relationship still with the initial organisation, even if a servicer is put in place?

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