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:
I appreciate that but, to come back to the issue, when the legislation is passed the lacuna with regard to not knowing the existing debt profile of the customer will be fixed. That will help. It is also important to put the matter in context. For many people the PCP makes sense. It is not the case that we should think about this as a kind of obviously bad product.
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