Michael Noonan (Limerick City, Fine Gael) | Oireachtas source

There is no doubt that private debt is a very serious issue. It is one of the key economic and social issues in the country and a matter which we are addressing in great detail. In terms of the options available to the banks, the Keane report laid out in detail a range of options. These options serve as a menu for face to face interventions by the banks and insolvency services to apply to particular cases. I am surprised to learn that the Deputy recently encountered two cases where the letters he described were issued. I presume they were issued at the end of a process. If they were issued at the commencement of a process, the Deputy should write to the Financial Regulator, Mr. Matthew Elderfield.

See this speech in context