Oireachtas Joint and Select Committees
Wednesday, 27 September 2023
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
General Banking Issues: Discussion
John McGuinness (Carlow-Kilkenny, Fianna Fail) | Oireachtas source
The other issue I raise with Mr. Hayes is the fact that some of these vulture funds have properties, some located in local authority estates and some in private estates, that have been vacant for years and are impacting on the adjoining properties. You may as well be talking to the wall as trying to get the funds to deal with some of the issues that are emerging from that aspect of their property ownership. They have a responsibility to the State and society to do something about that. I am not holding BPFI to account as it is just a conduit to the vulture funds. Again, it is a matter for the funds to respond and a matter for the Central Bank and BPFI to play a role by telling them they will not tolerate this. I am saying this to Mr. Hayes but I am also saying it publicly to try to get a response from the vulture funds.
No comments