Michael McGrath (Cork South Central, Fianna Fail) | Oireachtas source

With regard to mortgage lending, the macro prudential rules and the exceptions policy, does that work well? We read from time to time that the banks have used up their exceptions under loan to income and so on and that no more mortgages will be approved outside the macro prudential limits for the remainder of the year. Does that system need to be tweaked in any way or does it function well as far as the bank is concerned?