Paschal Donohoe (Dublin Central, Fine Gael) | Oireachtas source

To emphasise again, I understand completely the anxiety that loan owners feel in respect of the possibility for loan sales and the classification of debts. I have also noted what has been said publicly about this matter, the answers which have been given to Members of the European Parliament by the SSM, and other debate which has ensued on this matter.

To reiterate, as I have outlined in the answer to the Deputy, my Department and I have engaged and continue to engage on this matter. In order for me to recognise the independence of the SSM, it is important for me to acknowledge also its clear assessment of the matter and the fact that it is currently not giving an indication that it will change. However, I am engaging on the matter because I understand the concern of many mortgage holders.

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