Michael McGrath (Cork South Central, Fianna Fail) | Oireachtas source

I am looking at a table from the European Banking Authority, EBA, which shows average internal risk weighting for residential mortgages during the first half of 2017. It shows Ireland at 42.5%. Sweden would be at the other end at 4.2% and the UK is at 10.5%. Is it appropriate to levy those very high risk weightings on mortgages that are being issued now in an entirely different environment and under new macro-prudential rules, including those relating to 80% loans and a loan-to-income ratio of 3.5? Is such a high risk weighting shaped by history and our experience during the crisis and the fallout from the crisis? Is this a deterrent for foreign lenders coming into the market when they look at the risk weighting they are required-----