Oireachtas Joint and Select Committees

Tuesday, 20 June 2017

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

Irish Mortgage Market: Competition and Consumer Protection Commission

2:00 pm

Photo of Rose Conway WalshRose Conway Walsh (Sinn Fein) | Oireachtas source

Yes, but as more and more packages are sold off, even with AIB now and the direction in which that is going, and we have had representatives of various banks appear before us, the bigger share of the non-performing loans will be held by vulture funds and there will be a huge gap there if people such as the witnesses with a consumer protection role do not engage with the vulture funds, although they are outside much of the legislation as it is at present. Can the witnesses not see that as a big void?

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