Oireachtas Joint and Select Committees

Thursday, 18 October 2018

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach

Sale of Loans to Unregulated Private Investment Funds: Discussion

9:30 am

Photo of Kieran O'DonnellKieran O'Donnell (Fine Gael) | Oireachtas source

We need to cut to the chase. In my experience the problem, in part, is that many of these so-called funds are not funds. Many of them are effectively asset disposal agencies that borrowed on the market, be it from vulture funds or whatever, and have to repay those loans quickly. Are these entities providing any long-term restructuring of loans?

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