Oireachtas Joint and Select Committees
Thursday, 8 December 2016
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
Central Bank (Variable Rate Mortgages) Bill 2016: Central Bank of Ireland
9:30 am
Mr. Ed Sibley:
In terms of protections for those borrowers, the bank pushed hard for and was successful in ensuring those borrowers are protected by the CCMA. There is a back-stop in terms of the fair treatment of borrowers that are potentially more vulnerable or in distress and that is the application of the CCMA.