Oireachtas Joint and Select Committees
Thursday, 28 May 2015
Joint Oireachtas Committee on Finance, Public Expenditure and Reform
Overview of the Banking Sector: Central Bank of Ireland
2:00 pm
Professor Patrick Honohan:
It is expensive, but the mechanisms to get builders to discover and talk to the providers of equity finance for property are being developed. It is not being done by the Central Bank but public agencies are involved. That is definitely the way to go. While builders will not enjoy surrendering the equity and they will not like its cost, that is the safe way. Bank finance should not be providing the equity component.
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