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
10:30 am
Ciarán Lynch (Cork South Central, Labour)
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I thank the witnesses for their opening statements. I propose to take questions in rounds of 15 minutes and to wrap up thereafter.
To kick off proceedings, I was interested in Mr. O'Connor's opening remarks. He expressed his disappointment with comments made by some creditors who had appeared before the committee. The purpose of the committee's work since the targets were put in place has been to see how they are being met. We are seeking to see how the resolution processes are working and to establish what new resolution processes might come out of the ether. Hopefully, a greater level of flexibility and learning will evolve with solutions to reflect that. Can Mr. O'Connor elaborate on why he expressed his disappointment publicly this morning?