Oireachtas Joint and Select Committees

Tuesday, 15 November 2016

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach

Finance Bill 2016: Committee Stage (Resumed)

2:00 pm

Photo of Stephen DonnellyStephen Donnelly (Wicklow, Social Democrats) | Oireachtas source

That is what it was intended for but it is now obviously not being used in that way. Let us narrow this down. My concern, and what the funds are being told, is that they will be able to take a package of 10,000 home mortgages, turn them into a security, list that security and, therefore, avoid the new provisions. Can the Minister of State explain why they will not be able to that?

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