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

4:00 pm

Ms Niamh Murphy:

They would normally be given parameters. All of the mortgage arrears resolution targets and the process and procedures around those have to be set out with the Central Bank. The administrators of the loan would operate within parameters as to how they deal with the cases in front of them. They would have to follow policy and procedures and guidelines to go ahead. In terms of how they deal with the Central Bank-----

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