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
Michael McGrath (Cork South Central, Fianna Fail)
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Is it fair to state that from a data point of view, the Central Bank does not have any oversight of loans that are sold on more than once? In other words, a fund could sell on a bundle of loans to somebody else and the Central Bank would not even know about it.