Michael McGrath (Cork South Central, Fianna Fail) | Oireachtas source

This question is quite similar to Question No. 2 in the name of Deputy Pearse Doherty which related to the proposed Central Bank rules on minimum mortgage deposits and the Minister's views on a mortgage insurance scheme. It seems that the thrust of the Minister's comments in response to that question was that the two issues needed to be viewed separately. He suggested the proposed Central Bank rules needed to be examined on their own merits. He also said that if a mortgage insurance scheme was introduced, it would not be designed to circumvent Central Bank rules. Will he clarify his thinking on the issue? I will elaborate on my own views.

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