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
That is the point. Is it appropriate that an institution with a very short-term investment horizon is buying long-term financial products that may have 15 or 20 years left in them? Such an institution would have no interest in working out those mortgages over the full duration of the contract. Something has to give in that scenario.
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