Joan Burton (Dublin West, Labour) | Oireachtas source

I understand Mr. Masding's point about the NPL situation, but in the documentation from the European Central Bank, reference is made to setting up a platform to sell NPLs more easily.

The aspect that interests me and that makes people who have contacted us afraid is that the loans will be traded on and flipped. It might not happen instantly but, given the long duration of many of the loans, they may be flipped fairly often. Permanent TSB will have long departed the scene at that stage, however, and Pepper is only a service agent. Who is there to protect the holders of the different mortgages in the context of the codes?