Oireachtas Joint and Select Committees

Tuesday, 16 January 2018

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

Tracker Mortgages: Discussion

2:00 pm

Photo of Paschal DonohoePaschal Donohoe (Dublin Central, Fine Gael) | Oireachtas source

I am satisfied, and I expect that the deadlines I have set with the Central Bank on this issue will be met. I wish to make two concluding points. I will not be the person to make the adjudication on that; it will be the Central Bank. It will make an assessment on the issue and report back to me.

I would be very cautious about expressing a view that collective resolution of the issue will happen for the following reason. We are now dealing with just under 34,000 different life stories. The question of resolution will be different for each of those people. We have to respect that there is a huge variety of different circumstances. That is why I am using this as an opportunity to remind people of the process. It would be very difficult ever to say that this matter is resolved overall because resolution will vary by individual. In looking at that matter, I will use the recommendation the Central Bank makes to me later in the year.

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