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:
Absolutely. Credit servicing firms fall within the regulatory supervision of the Central Bank. We have a range of means of supervising, including on-site inspections. The issue of correspondence is interesting in the context of the review of the code of conduct on mortgage arrears. If more direction is required regarding expectations about answering correspondence and so on, we can examine that matter because it falls within the remit of conduct regulation.
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