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
4:50 pm
Pearse Doherty (Donegal South West, Sinn Fein)
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I am also interested in corporate governance. For example, if a partner in a company that is providing advice ends up buying the book of an entity that is regulated by the Central Bank, Ms Nolan, as a senior official, should be interested. That is not my focus, however, so I will cut to the chase.
Please correct me if I am wrong. The Government's stated position is that it wants to ensure that unregulated entities who purchase loan books from regulated entities in the future will come under the code of conduct of mortgage arrears on a statutory basis. Is that correct?