Oireachtas Joint and Select Committees

Thursday, 2 April 2015

Committee of Inquiry into the Banking Crisis

Context Phase

Ms Marie Hunt:

We need a robust system and it needs to be modelled on the residential one in that every single transaction is recorded. We cannot have a scenario where it is optional to provide data or if the penalties for not providing data are tiny because somebody will just pay that fine as opposed to having their data recorded. This has repercussions for things like rent reviews where one needs reliable comparable information.

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