Kieran O'Donnell (Fine Gael) | Oireachtas source

With due respect to Mr. Tobin, I would not give any gold star for attending with two days' notice; that is the way it should be. We appreciate that but Mr. Tobin is stating the obvious. The problem for the committee is that we deal with people on the ground whose loans are being sold to the funds, the shutters come down and they feel it. We are looking for better regulation. How will what is proposed differ from the legislation currently in operation? Who will regulate the funds and who will regulate the credit servicing providers? What form will the regulation take? Perhaps representatives from both the Central Bank and the Department of Finance will answer these questions.