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

Photo of Rose Conway WalshRose Conway Walsh (Sinn Fein)
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That is the problem I have. The banks' representatives have told us that once the loans have been sold, they have no further interest in what happens in the relationship between the buyer and the mortgage holder. The witness is saying the Central Bank has enough teeth to be able to protect those home owners.