Oireachtas Joint and Select Committees

Thursday, 22 March 2018

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

Proposed Sale of Non-Performing Loans to Private Investment Funds (Vulture Funds): Permanent TSB

9:30 am

Photo of Michael McGrathMichael McGrath (Cork South Central, Fianna Fail) | Oireachtas source

Then perhaps Mr Masding might clarify, in the event that a loan is sold to an unregulated vulture fund, for example, and it is guilty of a breach of a consumer protection code or the code of conduct on mortgage arrears, what enforcement powers the Central Bank has in respect of that fund?

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