Oireachtas Joint and Select Committees
Tuesday, 15 December 2020
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
Banking Issues in Ireland: Central Bank
Aidan Davitt (Fianna Fail)
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Yes, to notify who is buying the loan. When the buyers are going to that bother, at that stage, to write and provide notification, I think the moving price at which the loan is being sold should also be included in that notification. I have no doubt that the purchasers will have an idea of that information, because they will be on the phone the next day to the people whose loans they have bought telling them they are in charge now. It is no problem if it is a tickety-boo loan, but most of these types of loans are bundled in certain packages, such as performing, non-performing, etc. A figure exists in that context. We need not-----