Aidan Davitt (Fianna Fail) | Oireachtas source

I thank the delegation for coming here. The Central Bank is in the unenviable place of defending the indefensible. We have heard about some Irish banking practice and, unfortunately, at best the banks seem to use the Central Bank like a mudflap. The threat of fines that the Central Bank has sanctioned, and the threat in other cases, have not had a great bearing on the behaviour of the banks, as pointed out by the good Deputies here today. Has the Central Bank issued a threat to revoke or withdraw the banking licence of an existing bank, banks or in terms of banking that has been issued through Ireland?

As Deputy Tóibín has mentioned, I, too, want to talk about what happens when banks sell loans to so-called vulture funds. I know that banks sell a book of loans and loans are bundled together. However, banks do not pick the price to sell a loan at out of the air so every property has a value in a loanbook. Is the Central Bank informed when a loan is sold, for example, by Ulster Bank to Pretorius or whoever?