Paul Murphy (Dublin South West, Socialist Party) | Oireachtas source

I want to explore the issue of servicing ownership and the reason for the move from one to the other. The original intention was to go for a model of ownership with some exclusions of securitisation special purchase vehicles, SSPVs. The Department changed that on the basis of consultation with stakeholders. I understand the reason is to regulate servicers. That makes sense, but why not do both? Why not get servicers and owners, as happens currently? In terms of Deputy Doherty's hypothetical loan from the AIB, they are covered. Why do not do the same in terms of both ownership and servicing?