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Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Sale of IBRC Mortgage Loan Book: Discussion (26 Feb 2014)

Ciarán Lynch: I remind the Deputy that the witnesses were invited to this meeting in their role as representatives of the IBRC.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Sale of IBRC Mortgage Loan Book: Discussion (26 Feb 2014)

Ciarán Lynch: I do not intend to open a discussion on the broader stuff. Some of those matters are germane to this afternoon's business, but they are not under discussion.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Sale of IBRC Mortgage Loan Book: Discussion (26 Feb 2014)

Ciarán Lynch: The Deputy's time-----

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Sale of IBRC Mortgage Loan Book: Discussion (26 Feb 2014)

Ciarán Lynch: The Deputy is indulging.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Sale of IBRC Mortgage Loan Book: Discussion (26 Feb 2014)

Ciarán Lynch: I call Deputy Spring.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Sale of IBRC Mortgage Loan Book: Discussion (26 Feb 2014)

Ciarán Lynch: I would like to intervene here. I am bringing the discussion to an end shortly. I want to give everybody their share of the time, but will not keep the meeting going for ever. I need members to be succinct. There are to be no fishing exercises here. Once a question has been answered, we must move on to the next question. I ask members to have their questions ready.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Sale of IBRC Mortgage Loan Book: Discussion (26 Feb 2014)

Ciarán Lynch: I have just one question. How much was PwC paid for the advice on selling the mortgage book?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Sale of IBRC Mortgage Loan Book: Discussion (26 Feb 2014)

Ciarán Lynch: This question has been answered a few times but I will ask for it to be answered once more.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Sale of IBRC Mortgage Loan Book: Discussion (26 Feb 2014)

Ciarán Lynch: The Deputy will have to allow the witness respond, regardless of the response he gets.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Sale of IBRC Mortgage Loan Book: Discussion (26 Feb 2014)

Ciarán Lynch: The Deputy may not agree with the response or may have a different interpretation of the matter but the response has been given and I would like to bring this to a conclusion. I want to clear up one matter and ask one question before bringing the meeting to an end. In his presentation Mr. Wallace said that in total there were 15,734 borrower groups comprising 24,632 loans for sale across...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Sale of IBRC Mortgage Loan Book: Discussion (26 Feb 2014)

Ciarán Lynch: It was not the value of the loan.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Sale of IBRC Mortgage Loan Book: Discussion (26 Feb 2014)

Ciarán Lynch: There is one final question that people who have stuck with these proceedings this afternoon will ask themselves. There is a crossroads ahead for the residential mortgage book. It will either be sold or go into NAMA, regardless of codes of conduct, mandatory, voluntary or whatever. When can we expect that determination or decision to be made?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Sale of IBRC Mortgage Loan Book: Discussion (26 Feb 2014)

Ciarán Lynch: So come the summer, people will be in one resting place or another.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Sale of IBRC Mortgage Loan Book: Discussion (26 Feb 2014)

Ciarán Lynch: No.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Sale of IBRC Mortgage Loan Book: Discussion (26 Feb 2014)

Ciarán Lynch: Some of my colleagues here remind me of Columbo saying "just one more question". It is never just one more question.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Sale of IBRC Mortgage Loan Book: Discussion (26 Feb 2014)

Ciarán Lynch: No, I am concluding.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Sale of IBRC Mortgage Loan Book: Discussion (26 Feb 2014)

Ciarán Lynch: Very well, be quick.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Sale of IBRC Mortgage Loan Book: Discussion (26 Feb 2014)

Ciarán Lynch: I said one question but members go on and on.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Sale of IBRC Mortgage Loan Book: Discussion (26 Feb 2014)

Ciarán Lynch: That brings proceedings to a close and in so doing, I thank all the witnesses for their contributions to this meeting and for adding to the discussion.

Written Answers — Department of Environment, Community and Local Government: Unfinished Housing Developments (27 Feb 2014)

Ciarán Lynch: 160. To ask the Minister for Environment, Community and Local Government the funds that have been allocated for the completion of unfinished estates; the estates that will benefit; the criteria that will apply; and if he will make a statement on the matter. [10004/14]

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