Oireachtas Joint and Select Committees
Tuesday, 2 April 2019
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
Business of Joint Committee
No Consent, No Sale Bill 2019: Discussion
John McGuinness (Carlow-Kilkenny, Fianna Fail) | Oireachtas source
That is fine. I want to know who they are. If my loan with a bank is sold to another party, I might know who that party is in Ireland and who I have to deal with but I do not know who owns the note at the end of it. I do not know the reach of all of this. The Irish people have a right to know. Mr. Sibley might refer to the construct put on purchases by the banks and others in the world of finance but I am asking whether the borrower should know in the first instance. Are we prepared to allow the banks to hide behind all these entities? The borrower should ultimately know the party he or she is dealing with.
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