Oireachtas Joint and Select Committees
Thursday, 1 December 2016
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
Banking Sector in Ireland: Ulster Bank
9:30 am
Michael D'Arcy (Wexford, Fine Gael)
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No, I am talking about when the bank has sold the loan. What happens when the loan book has been moved from the books of Ulster Bank to an investment fund? Does Ulster Bank have any subsequent obligation to the person who borrowed the money from Ulster Bank initially?