Oireachtas Joint and Select Committees
Wednesday, 2 April 2014
Joint Oireachtas Committee on Finance, Public Expenditure and Reform
Mortgage Arrears Resolution Process: Discussion
5:10 pm
Mr. Ross Maguire:
The way AIB works, whether with the IMHO or anybody else, is that it one provides a standard financial statement and it spews out its answer. There is no negotiation. Nobody does any negotiation with AIB. The financial statement is put through some machine in bank centre and nobody knows how it works. The machine spews out an answer and that is the deal.