Paschal Donohoe (Dublin Central, Fine Gael)
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I will get briefed on the circumstances of the individual who appeared before the committee. Of course, I will see what the status of this issue is with the banks, but I have to recognise the fact that the Central Bank has been through this issue and the ombudsman has played a very active role in it and I cannot second-guess or undermine the judgment or views they have reached in respect of the matter.

As the Chairman was introducing his question, he referred to funds and the role they have played in Ireland in the acquisition of loan books and distressed loans in the recent past. To frame this clearly, this is a different matter. The issue referred to in Housing for All relates to how new homes can be built; it is not about the issue that is of great concern to the Chairman, as it is to me, in respect of how we can support and protect those whose loans have been purchased. Those are two different matters. I am aware of the concern that many people have with regard to the operation of funds and larger investors. Any role they play must also be seen in the light of the Government commitment to housing that, for the budget this year, was €6 billion. That is to fund building homes directly, homes being built through approved housing bodies and many initiatives that the Minister, Deputy O'Brien, is implementing.