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

3:50 pm

Photo of Ciarán LynchCiarán Lynch (Cork South Central, Labour)
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Before we move on to the next batch of questions, I wish to conclude one issue that crops up all the time in all the questions. We have established that Ulster Bank is doing write-downs, but at the post-sale position when that sum of money becomes unsecured debt.