Mr. Gary Tobin:

I can certainly understand the question and where the Senator is coming from. Like Mr. Sibley, I fully understand that people may have concerns about their loans being sold to anyone other than the bank they are used to dealing with. However, the reality is that when loan-owners buy loans there is a profit motive. They want to realise a benefit as quickly as they can. To be quite frank, repossession is not a quick process in Ireland.