Oireachtas Joint and Select Committees
Wednesday, 26 February 2014
Joint Oireachtas Committee on Finance, Public Expenditure and Reform
Sale of IBRC Mortgage Loan Book: Discussion
4:40 pm
Kieran O'Donnell (Limerick City, Fine Gael)
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I would like the witnesses to clarify a number of points, the first of which relates to the inclusion in the bid of a provision suggesting that a legal commitment would be provided on the code of conduct.
The Minister stated that he would legislate if the buyer did not abide by the code of conduct once the sale had been completed. A voluntary understanding has been reached with the bidders, two of which are Irish institutions that are subject to the code of conduct.