Oireachtas Joint and Select Committees
Thursday, 5 December 2019
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
Central Bank: Discussion
John McGuinness (Carlow-Kilkenny, Fianna Fail) | Oireachtas source
Do the witnesses get a sense from engaging with the banks that they are stockpiling bad loans like that for sale very shortly? They have loans that are being restructured and failed, loans that are unsustainable or loans that have non-engagers but they have not done anything because they have decided to save themselves the cost of legal fees and are just going to stockpile the loans and now release them to the market to be purchased by vulture funds. Does the Central Bank have any oversight or sight of those type of figures?
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