Pearse Doherty (Donegal South West, Sinn Fein) | Oireachtas source

We will probably discuss the regulation of those unregulated firms in the same way as the regulation of deposit-taking banks at a later stage.

Turning to the mortgage rules that the Central Bank introduced last year, there have been different suggestions about how they should be amended, changed, or scrapped. One proposal being put forward is that the Government would provide a grant of up to 25% of the mortgage rate to people to try to circumvent these rules. How does the witness believe that would affect the spirit of the rules the Central Bank has introduced? For example, if somebody had to raise €20,000 as a mortgage deposit, the Government would provide 25% of that figure as a grant to help them to reach the deposit minimum.