Oireachtas Joint and Select Committees
Wednesday, 30 April 2014
Joint Oireachtas Committee on Finance, Public Expenditure and Reform
Mortgage Arrears Resolution Process (Resumed): Central Bank of Ireland
1:25 pm
Michael McGrath (Cork South Central, Fianna Fail)
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Can I ask the Governor about the circumstances of many mortgage holders whose mortgages were originally taken out from a regulated financial institution but which are now held by an entity not regulated by the Central Bank of Ireland, with all the consequences, such as the code of conduct on mortgage arrears and various statutory protections not applying? Is the Governor satisfied to preside over that?