Ciarán Lynch (Cork South Central, Labour)
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The last time the Ulster Bank officials appeared before us, they referred to an earlier comment that I had made about how sustainable solutions are defined. There was a level of ambiguity at that time. There was a need for some clarity about the direction the Central Bank was giving to Ulster Bank, particularly in cases of people who are in arrears but might have positive equity on their property or might have the potential within their pensions to evolve a resolution process into retirement. It seemed that the criteria were very restrictive in providing that the mortgage had to be resolved within the timeframe of that mortgage or the person's working life. Has Ulster Bank been able to develop solutions in that area? Has it sought clarity from the Central Bank in this regard?