Pearse Doherty (Donegal, Sinn Fein) | Oireachtas source

That is interesting because Mr. Sibley stated we need to deal with the underlying issues. He has just repeated the point made in this opening statement about the length of time, difficulty or uncertainty associated with dealing with the repossession of the secured property. Is the Central Bank saying we need to make it easier to repossess properties and give the banks more security? Mr. Sibley stated that the only protection available to people in terms of vulture funds increasing interest rates to 10% was the code of conduct on mortgage arrears. Is the code of conduct causing uncertainty for banks? Where does the Central Bank stand on this matter because it appears to be sending out different messages? On the one hand, the code of conduct on mortgage arrears provides security for borrowers, while on the other, it is causing difficulties for lenders.