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

Mr. Joe Healy:

I take on board the Chairman's recommendation. We have no intention of parking this issue. The IFA is becoming more deeply involved in what has become a long campaign. As Mr. Damian McDonald said, many of our members are too shy or too embarrassed to come forward. The Government could play a role, as Mr. Martin Stapleton stated. For example, it cannot wash its hands of the proposed sale of loans by AIB. The Government can prevent that sale from going ahead. We cannot state strongly enough that it needs to do that.

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