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
Pearse Doherty (Donegal, Sinn Fein)
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Is the Central Bank treating any expression of interest with the urgency that is required in light of the mortgage market we have? It has been reported that there has been an expression of interest in entering the market for well in excess of a year, yet we have not seen anything happen. I appreciate it is a two-way street and we are not privy to the details, but does Mr. Sibley believe the Central Bank is sufficiently resourced and gives the priority required to new applications or expressions of interest, particularly given the increased interest in licensing as a result of Brexit and the additional resources that will be allocated to the Central Bank next year to deal with that? Do he believe that the mortgage market will also get the same type of priority?