Oireachtas Joint and Select Committees
Thursday, 20 April 2023
Public Accounts Committee
2020 Report of the Comptroller and Auditor General: Chapter 14 - Assessment and Collection of Insurance Compensation Fund Levies (Resumed)
Report on Administration and Movement of the Insurance Compensation Fund for the year ended 31 December 2021 (Resumed)
Comptroller and Auditor General Section 2 Report on Unauthorised release of funds from the Central Fund of the Exchequer (Resumed)
9:30 am
Ms Sharon Donnery:
There was certainly an expectation from the Central Bank that the banks would deal with the challenges in their loan books, whether they did that by restructuring those loans or, as the Cathaoirleach said, in some cases selling loan books. The pressure was to resolve the situation regarding mortgage arrears because that was bad also for customers and so on, in terms of having banks with a sustainable business model.
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