Enda Kenny (Mayo, Fine Gael) | Oireachtas source

I listened to Deputy Donnelly last week saying that all these mortgage holders were going to be sold down the swanee with the process that is being followed here. The Minister dealt with this on a number of occasions because the liquidator has a responsibility in terms of the creditors. The Minister pointed out that were he to interfere in the process, he could be open to legal challenge from other elements in the system. I am glad to note that the potential bidders have said that they will sign up voluntarily to the extra codes set down by the Central Bank. That is obviously an important issue for those who are among the block of 13,000 mortgage holders. I will ask the Minister to reflect on the point made by Deputy Martin and to see whether it is possible to legislate for that given that he has already said formally that were he to attempt to interfere in the process, the liquidator having a duty to the creditors could make him subject to legal challenge.

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