Niall Collins (Limerick, Fianna Fail)

I thank the Minister of State. The reality is that the Bank of Ireland is trying to recoup its losses on tracker mortgages, so the Government needs to look at this. Perhaps the Minister of State can take that message back to the Department of Finance.

I am told that the regulator and the Central Bank signed off on this change in interest calculation policy. Can the Minister of State confirm that for me? I appreciate he might not have the answer with him tonight, but perhaps he can send it to me by email or through written correspondence.

Does the Department have any engagement with the public interest directors? They are coming back into the spotlight, following the mortgage and personal debt issues that were discussed last week and this week in the Dáil. They also got a mention today during Leaders' Questions. Will the Government be engaging directly with those public interest directors? Can the Minister of State and his colleagues talk to them directly on this issue and others, especially in respect of Bank of Ireland?

See this speech in context