Oireachtas Joint and Select Committees

Thursday, 19 October 2017

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

Engagement with the Central Bank of Ireland

9:30 am

Photo of Pearse DohertyPearse Doherty (Donegal, Sinn Fein) | Oireachtas source

I do not have time to tease that out. Had the nine institutions submitted their final report by the original date? Ms Rowland said that no repossessions were allowed to take place in the examination period. I had a lengthy conversation with an individual last night who lost his property on 16 January 2016, at the start of this examination and when the Central Bank told the banks to examine their tracker mortgage issues. He is one of the 100 or so people who lost their property and the bank has now put its hands up and admitted it was wrong. He should have been on a tracker all the time, but the property is lying empty. There is no electricity, gas or heating and what the banks have done is ridiculous. Ms Rowland tells us that nobody should have lost their property during this process.

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