Oireachtas Joint and Select Committees
Wednesday, 4 March 2015
Committee of Inquiry into the Banking Crisis
Context Phase
Ciarán Lynch (Cork South Central, Labour) | Oireachtas source
In July 2009, the Central Bank came out with a series of recommendations about income ratios - not setting off rooms in the house for letting purposes so that could be looked at. It was very strident on the issue of pulling back from the 35-year schedule, which would certainly be in conflict with Dr. Bacon's recommendation for 35 years. Does he still stand over the 35-year recommendation?
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