Oireachtas Joint and Select Committees

Wednesday, 14 September 2022

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

Banking Issues: Discussion

Photo of Mairead FarrellMairead Farrell (Galway West, Sinn Fein)
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As regards the potential increase of interest rates, what stress test does the bank apply for new mortgage holders? Is that stress test being reviewed in light of the increase in interest rates? Has the bank done an analysis of current mortgage holders and the number of whom may fall into arrears in the event of an interest rate increase?