Stephen Donnelly (Wicklow, Independent) | Oireachtas source

The Oireachtas Joint Committee on Finance, Public Expenditure and Reform held a long session earlier this year on the mortgage crisis. We met the chief executives of the banks, the Insolvency Service of Ireland, the official assignee, the Governor of the Central Bank and various organisations working with people in mortgage distress. The committee produced an all-party report in July of this year. The committee has 28 members and the report received unanimous support. One member declined to vote, not because he objected to the recommendations but on other ideological grounds. It is a strong all-party report. There are 47 recommendations in the report, which deal with sustainability, consistency, administrative and legal issues, communication and transparency issues, specific types of restructure, some that are not working, changes that should be made to some, new ones that should be brought in, the mortgage-to-rent scheme, the appeals process, the insolvency service and so forth. It made some serious recommendations about things that needed to change. Has the Minister read the report? I would very much like to engage with him at length in committee about this. Is he considering the recommendations with a view to implementing them and, if so, could he give us an idea of when we might start to see the changes take place?

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