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
Rose Conway Walsh (Sinn Fein)
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The representatives of all the banks who have appeared before the committee have told us that they have sold portfolios of mortgages to vulture funds, and they could not give a commitment that they would not do so in the future. Will the Central Bank stop loans being sold to unregulated vulture funds? Is there any mechanism available to the Central Bank to stop that happening?