Oireachtas Joint and Select Committees

Wednesday, 8 May 2024

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

Defective Concrete Blocks: Discussion (Resumed)

Mr. Wesley Murphy:

We have engaged with the banks on the matter. They have assured us that they are looking at this in line with what is required of them. They will comply with the regulatory requirements in terms of collateral valuation, and reviewing their loans in terms of expected credit loss provisions, ECL provisions.

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