Oireachtas Joint and Select Committees

Tuesday, 20 December 2016

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach

Banking Sector in Ireland: Central Bank of Ireland

11:00 am

Photo of Kieran O'DonnellKieran O'Donnell (Fine Gael) | Oireachtas source

With due respect, that is six years ago. The ordinary person would not be entitled to turn around to a bank and ask if it would give him or her six years to get his or her mortgage up to date. In a lot of cases, the banks have gone in and repossessed these homes. I do not buy that and the ordinary person outside does not buy it. Why was the Central Bank so slow to move and does it accept that it is a failure on the part of the Central Bank not to move on the issue properly before now?

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