Oireachtas Joint and Select Committees

Thursday, 5 May 2016

Committee on Housing and Homelessness

Banking and Payments Federation Ireland

10:30 am

Mr. Noel Brett:

To respond briefly to Deputy Mick Wallace, we would welcome recommendations from the committee on the issues highlighted by Mr. Crowley, for example, the matter of plugging the gap. European Investment Bank funding is also available. While funding is available, it is loan funding, whereas what we need is equity funding. That is the challenge we face. We would love this issue to be developed further and perhaps the committee will consider it.

On the issue of a voluntary code, as a trade body, it is not within our gift to do what the Deputy asks.

Certainly, I will talk to members and bring back to them several of the issues raised with me today, but it is not within my gift to say to the committee that we could do it; I do not have a mandate to do something like that.

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