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
Arthur Spring (Kerry North-West Limerick, Labour) | Oireachtas source
I will use an example. If every mortgage that was sold by AIB in 2004 was put into a book, securitised and sold to an American institution, and if that institution subsequently decided to increase the interest rate which applies to that section of the loans, would AIB have to follow through on that decision?
No comments