Oireachtas Joint and Select Committees
Wednesday, 26 March 2014
Joint Oireachtas Committee on Finance, Public Expenditure and Reform
Draft Heads of Central Bank Bill 2014: Department of Finance
4:25 pm
Mr. Antoine Mac Donncha:
As the Deputy will be aware from our appearance here a number of weeks ago, the Department is actively exploring the possibility of legislating to protect mortgage holders who are transferred to unregulated financial service providers across the system and not just in the context of this. As I have said, in this particular instance, it is not currently anticipated that it is likely that a purchaser which is not a regulated financial services provider will be acquiring this platform.