Oireachtas Joint and Select Committees
Thursday, 10 May 2018
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
Banking Sector: Quarterly Engagement with the Central Bank of Ireland
9:30 am
Professor Philip Lane:
It is all captured by the credit servicing firm. It is in the law that credit servicing firms cannot act on any instruction from the ultimate owner that deviates from our regulations. No such instruction can be accepted. We have complete regulatory oversight of the credit servicing firms.
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