Oireachtas Joint and Select Committees
Thursday, 17 May 2018
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
Resolution of Non-Performing Loans: Discussion (Resumed)
10:00 am
Michael McGrath (Cork South Central, Fianna Fail) | Oireachtas source
My question for Dr. O'Hagan-Luff essentially is based on the international experience. I am not asking her to predict what is going to happen here but internationally, when such loans are purchased, many of which have 15 to 20 years left in them, and this does not align with the business model of such funds, do they close out these loans over a period or do they sell them on?
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