Oireachtas Joint and Select Committees

Wednesday, 5 July 2023

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach

Defective Block Redress: Redress Focus Group for Banking and Insurance

Ms Sarah Shovlin:

It is important to say that the banks will tell us they are very much reliant on the professionals, who are the engineers, and the engineers are saying it is not good enough to build on those foundations. Regulation I.S. EN 12620 states that if people do not repair their homes completely, there will be residual non-compliant material left within the home. What engineer is going to say that such a house is of standard construction? Is the insurance company going to insure it? These are all questions that we should not have to answer. These are questions that the people in government should have thought about as part of the scheme. The banks and insurance companies of Ireland need to work together to find solutions.

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