Oireachtas Joint and Select Committees
Thursday, 18 January 2018
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
Tracker Mortgages: Central Bank of Ireland
9:30 am
Professor Philip Lane:
There is an observation internationally. These firms are global and are not just in Ireland. Some of the risks that we consider at a European and international level include the possibility of these firms collectively pursuing similar strategies, deciding to sell at the same time or the funding underlying them changing. At that macro systemic level, we are examining this matter as part of a wider international effort. At the level of the consequences for individual tenants, though, that is a social policy issue.
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