Oireachtas Joint and Select Committees
Thursday, 4 October 2018
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
Banking Sector: Quarterly Engagement with the Central Bank
9:30 am
Mr. Ed Sibley:
As the Deputy described, there is some degree of complexity. In complete isolation of anything else, if a borrower was in arrears, cleared those arrears and was repaying the loan as originally taken out, he or she would have to demonstrate an ability to repay sustainably over a period. Typically, that is a year.
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