Oireachtas Joint and Select Committees

Tuesday, 29 May 2018

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach

Resolution of Non-Performing Loans: Discussion (Resumed)

4:00 pm

Photo of Rose Conway WalshRose Conway Walsh (Sinn Fein)
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If we have a crash similar to that experienced recently or there is an economic slump, many people will lose their jobs and be unable to pay off their loans. How does a bank having additional reserves change any of that? What difference will it make? Is there anything in these proposals that will protect the homeowner or landowner?