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

The Deputy stated that the same rules apply to the pillar banks as apply to funds that take over loan books. The issue is not separate from one to the other, the issue is the rules and the law in this area. The Central Bank, as far as I am aware, has not asked the Government to look at changing that law. It is obviously something that requires ongoing discussion between the Department of Finance and the Central Bank to ensure that we get the balance right between ensuring that we have a property market that functions, a financial sector and banking system that works and that there is broader protection for society in general, home owners and renters.

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