Oireachtas Joint and Select Committees

Wednesday, 14 February 2024

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

Engagement with the Central Bank of Ireland

Photo of Pearse DohertyPearse Doherty (Donegal, Sinn Fein) | Oireachtas source

We have 2019 legislation that is supposed to regulate the owners of the loans. Those owners are transferring their legal title because they will no longer be captured by that legislation. The Central Bank seem to be aware of it. I only became aware of it recently. What is the Central Bank doing about it? It is regulating these entities, which are finding a way around this. Since they are finding a way around it, nobody can complain if they do anything wrong. That is the problem. People can only complain about a regulated entity.

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