Micheál Martin (Cork South Central, Fianna Fail) | Oireachtas source

The protection for the 13,000 IBRC mortgage holders is a key issue. I listened with interest this morning to the chairman of the Oireachtas Committee on Finance, Public Expenditure and Reform, Deputy Ciarán Lynch, raise the possibility of the Government bringing forward legislation to deal with this issue in terms of creating a statutory framework whereby the purchasers of the loan book would come under the statutory code of conduct, including the code of conduct on mortgage arrears and recourse to the Financial Services Ombudsman. I know that Deputy Michael McGrath has tabled legislation to that effect. Given the urgency of this, will the Taoiseach give Government time to allow that Bill to be debated and to indicate whether he intends to publish legislation in line with the comments of Deputy Lynch this morning? Prospective buyers are now asked to comply voluntarily with the codes. Will that be included within a statutory framework?

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