Simon Coveney (Cork South Central, Fine Gael) | Oireachtas source

I cannot discuss the cases of individual companies and letters that are being sent out without having seen them. The Central Bank rules that apply to our pillar banks also apply to other institutions that acquire loan books from the latter. The Central Bank has an important role to play in ensuring that there is a regulatory model that balances broader societal priorities with a financial environment that allows funds and banks to operate. That is what the Central Bank must do. The pillar banks are required to do what they are doing in terms of strengthening their balance sheets. However, we must ensure that when loan books are transferred from pillar banks to other funds, the Central Bank remains strong in terms of its role in ensuring that there is a regulated market which takes into account societal concerns and the concerns of tenants or property owners. It has to get the balance right. The Government and the Department of Finance work closely with the Central Bank in that regard.

See this speech in context