Oireachtas Joint and Select Committees

Thursday, 30 May 2019

Public Accounts Committee

2017 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Office of the Minister for Finance
Chapter 1 - Exchequer Financial Outturn for 2017
Chapter 22 - Irish Fiscal Advisory Council

9:00 am

Photo of Peter BurkePeter Burke (Longford-Westmeath, Fine Gael)
Link to this: Individually | In context | Oireachtas source

I am asking specifically about what safeguards are in place where the Department is making key taxation decisions that would, in theory, generate more revenue to go back to taxpayers in the context of situations where a homeowner is about to have his or her mortgage sold and the CEO is saying that needs to be done for the bank's interests and value, but the homeowner is making the case that it is a very marginal call given that another bank would declare the mortgage as performing because a deal was done or the mortgage was split. How does the Department, representing the State as a key investor and shareholder, evaluate that and ensure it is holding the bank to account on that line?