Oireachtas Joint and Select Committees

Wednesday, 30 April 2014

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Mortgage Arrears Resolution Process (Resumed): Insolvency Service of Ireland

11:20 am

Mr. Lorcan O'Connor:

Ultimately, that is a policy matter for the Oireachtas. From the ISI's perspective and, indeed, the Minister's perspective, commitments have been given that we will identify any changes we believe to be necessary. I would be loath to say to the committee today that this or that should be changed, because I would be doing so without meaningful numbers to support my analysis. The danger is that a change could be made that would not solve the problem or could make matters worse.