Pearse Doherty (Donegal, Sinn Fein) | Oireachtas source

With regard to the announcement yesterday on first-time buyers and the macro prudential rules, the bank supported the Banking and Payments Federation submission on increasing the 90% loan to value rate from €220,000 to €300,000. Is Mr. Byrne surprised or can he comment on the fact that Governor of the Central Bank went way beyond what the federation was looking for and got rid of the cap altogether? Will he speak to us about the impact this will have on lending to first-time buyers in his financial institution and the movement on house prices?