Oireachtas Joint and Select Committees

Tuesday, 8 April 2014

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Mortgage Arrears Resolution Process: (Resumed) Ulster Bank

2:30 pm

Mr. Stephen Bell:

We have been able to adjourn proceedings in respect of customers with whom we have had meaningful engagement. The target regime is set up in such a way that it is not possible to move cases between categories. Once a case has been listed as "proposed through the legal route" it remains in that category for the purpose of future returns under the mortgage arrears resolution targets.