Oireachtas Joint and Select Committees
Thursday, 20 October 2016
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
Central Bank (Variable Rate Mortgages) Bill 2016: Discussion
10:00 am
Rose Conway Walsh (Sinn Fein) | Oireachtas source
In the absence of this Bill, what would the Minister do differently to rescue or protect mortgage holders? When Deputy Pearse Doherty of Sinn Féin tabled the original Bill in June 2015, the intention was expressed that penal levies would be imposed on the banks to change their behaviour. Has the Minister done anything about that? When was the last time he raised the issue with the banks? It is obvious that the initiative has not worked. I know because I have attended courts in Castlebar and seen the behaviour by banks. I have seen banks put families out of their homes and show a complete disregard for customers.
There has been huge quantitative easing by the ECB, especially since March of this year. Has it had an impact on Irish banks?
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