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

Photo of Pearse DohertyPearse Doherty (Donegal South West, Sinn Fein)
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If Bank of Ireland was one of the main creditors and was able to enact its veto, why would a PIP put forward a proposal that included a debt write-down, given that the PIP knows that the policy of Bank of Ireland at the most senior level is to veto that application?