Pearse Doherty (Donegal, Sinn Fein) | Oireachtas source

I would appreciate it if the Minister would do so. While we do not expect the Minister for Finance, even where he is the majority shareholder in a bank, to tell it how to lend its money. I am sure there has been communication between the Department, if not the Minister, and some of these financial institutions on the motion passed by the House which called for 100% redress and that financial institutions would play their part in that. Will the Minister elaborate on whether that wider issue of a contribution from the banking sector, which will see its assets restored? If you have a €200,000 mortgage on a house in Malin Head, which is full of pyrite, it is not worth €200,000; it is not worth anything. Under the redress scheme, I hope, with 100%, it will go back to the original value. We have engaged with banks in the past about people buying remediated houses that were done under the mica scheme, but this is a separate issue in terms of making sure the leeway is used, especially for mica-affected families.

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