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

Photo of Michael NoonanMichael Noonan (Limerick City, Fine Gael) | Oireachtas source

It is quite clear that the Chairman has very strong views on these issues. Nothing in this legislation deals with repossessions, evictions, arrears, the treatment of people in courts, insolvency or anything like that. The Bill is about giving the Central Bank the power to put a cap on variable mortgage interest rates. The issues raised by the Chairman are of great concern to many people, but they are not relevant to the legislation.

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