Michael McGrath (Cork South Central, Fianna Fail) | Oireachtas source

The example I will give may be an extreme one. If somebody takes a loan from a bank which is subsequently sold to a fund and sold on several more times, it could end up in the hands of a semi-organised crime gang. This gang may then appoint a credit servicing firm as an intermediary and instruct it to shut down all the businesses involved and call in the loans. This can be done provided it complies with the terms of the codes. There is a real exposure in such a scenario.