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

2:50 pm

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

Yes, and it is fair to say that this is effectively what the SPVs lobbied for. I am not implying anything untoward but their basic representation is that it would make more sense to have a model along the lines of that in Britain of servicing administrators, etc., and the witnesses were convinced by that argument.

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