Oireachtas Joint and Select Committees
Wednesday, 27 September 2023
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
General Banking Issues: Discussion
Mr. Brian Hayes:
I presume that lending institutions followed the certification given at the time in the same way as for the final drawdown of loans through staged payments from a bank to a new build would require certification at all stages. The problem in this case was the certification around the actual construction that occurred. It is some historical problem that has landed, unfortunately, the way it has.
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