Pearse Doherty (Donegal, Sinn Fein) | Oireachtas source

The Governor will be aware that there is huge anxiety in respect of Ulster Bank and the decision by NatWest to look at selling its entire Irish loan book here in the Twenty-six Counties, which is a €21 billion loan book, given that it has been reported that Cerberus is likely to look to purchase that loan book. Cerberus is an aggressive vulture fund. We have seen how Cerberus has acted in the past. With regard to the Central Bank's consumer protection, what role will it take in respect of this sale? Does the Governor believe it is good for competition? Does he believe that Ulster Bank mortgages in the hands of Cerberus are as protected as they were with Ulster Bank?