Peter Mathews (Dublin South, Independent) | Oireachtas source

I ask for the Acting Chairman's forbearance to make one final point. The loan my wife and I took out with one of the duopoly banks was securitised, without much notice. We received a little note on it in the post and, as I had a lot of experience of banking, I knew what it meant. When we paid off the loan in full, the bank was unable to find the title deeds to our house because as a result of securitisation the loan had been channelled through funny vaults. They were found eventually, but that is wrong. That is what happens, however, when the relationship entered into for 35 years does not continue with the same institution for the 35 years. It is nothing personal, but I hope the Minister understands.

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