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

That engagement needs to be stepped up. The Joint Committee on Finance, Public Expenditure and Reform, and Taoiseach has invited Danièle Nouy from the SSM to come before it. Last week, we heard evidence from AIB and Permanent TSB that was completely contradictory. AIB's representatives testified that its split mortgages are deemed to be performing whereas Permanent TSB's representatives told us the complete opposite - that its split mortgage agreements are deemed to be non-performing by the SSM. That has raised very seriously difficulties. We have now had replies in the European Parliament from the SSM to a number of MEPS which make it clear that, depending on the structure and documentation underpinning these mortgage restructurings, it is possible for them to cease being deemed as non-performing and to be deemed as performing. I ask the Minister to lend his political weight to resolving this issue. It is crucial for the people concerned. They do not deserve to be treated in this way.

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