Oireachtas Joint and Select Committees
Wednesday, 3 December 2014
Joint Oireachtas Committee on Finance, Public Expenditure and Reform
Business of Joint Committee
General Scheme of Sale of Loan Books to Unregulated Third Parties Bill 2014: Discussion
2:50 pm
Paul Murphy (Dublin South West, Socialist Party)
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Yes, and it is fair to say that this is effectively what the SPVs lobbied for. I am not implying anything untoward but their basic representation is that it would make more sense to have a model along the lines of that in Britain of servicing administrators, etc., and the witnesses were convinced by that argument.