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
Kieran 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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