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Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functioning of IBRC: Discussion (31 Oct 2012)

Ciarán Lynch: Perhaps Mr. Dukes might give it to us in January.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functioning of IBRC: Discussion (31 Oct 2012)

Ciarán Lynch: I also wish to come in and ask, following on from the Keane report, about one of the many actions that were outlined as part of the mortgage arrears resolution process. One of the more radical approaches contained therein was the buy-to-rent scheme. Has IBRC given consideration to this proposal with regard to its mortgage book? If so, how many proposals are currently under consideration...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functioning of IBRC: Discussion (31 Oct 2012)

Ciarán Lynch: There are a number of proposals at present in respect of specific properties. Without naming the properties, can Mr. Aynsley confirm that a number of specific properties are under consideration at present for conversion from mortgage to rent?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functioning of IBRC: Discussion (31 Oct 2012)

Ciarán Lynch: I may wish to recall the witnesses on that issue. I would appreciate it were they to keep the joint committee informed as to what progress or what sort of delivery is being made on the option of mortgage to rent, if possible.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functioning of IBRC: Discussion (31 Oct 2012)

Ciarán Lynch: I cannot allow second questions.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functioning of IBRC: Discussion (31 Oct 2012)

Ciarán Lynch: One question. Which one does the Deputy want to use? I must conclude the session by 1 p.m.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functioning of IBRC: Discussion (31 Oct 2012)

Ciarán Lynch: The witnesses should respond to the questions from Senator Hayden and Deputy O'Donnell. We will come to a conclusion thereafter.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functioning of IBRC: Discussion (31 Oct 2012)

Ciarán Lynch: That brings proceedings to a conclusion. I thank Mr. Alan Dukes, Mr. Mike Aynsley, Mr. Richard Woodhouse and Mr. Jim Bradley for their attendance and for helping the joint committee with its deliberations on this specific banking module. Is it agreed to go into private session to deal with some matters and to return to public session at 2 p.m.? Agreed.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functioning of IBRC: Discussion (31 Oct 2012)

Ciarán Lynch: Thank you, Mr. Dukes. I will now bring in any members who have supplementary questions.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functioning of IBRC: Discussion (31 Oct 2012)

Ciarán Lynch: I apologise, the Deputy is correct.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functioning of IBRC: Discussion (31 Oct 2012)

Ciarán Lynch: Thank you, Deputy O'Donnell, I appreciate your co-operation. We are now moving onto the final round of the discussion. I will facilitate any member whose supplementary questions are short and succinct, beginning with Deputy Spring.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functioning of IBRC: Discussion (31 Oct 2012)

Ciarán Lynch: Deputy Spring should proceed with caution.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functioning of IBRC: Discussion (31 Oct 2012)

Ciarán Lynch: The Deputy has three minutes remaining. He may continue speaking or may use that time to allow the witnesses to respond.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functioning of IBRC: Discussion (31 Oct 2012)

Ciarán Lynch: It does not matter how important it is the Deputy has only three minutes remaining. He may prioritise what he wants.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functioning of IBRC: Discussion (31 Oct 2012)

Ciarán Lynch: Mr. Dukes may only have time to nod at the end as I may not be allowed to bring him back in to respond to Deputy Mathews's comments.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functioning of IBRC: Discussion (31 Oct 2012)

Ciarán Lynch: Fair enough.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functioning of IBRC: Discussion (31 Oct 2012)

Ciarán Lynch: The point is whether the Deputy wants them answered.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functioning of IBRC: Discussion (31 Oct 2012)

Ciarán Lynch: Those are all the questions we can take from the Deputy.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functioning of IBRC: Discussion (31 Oct 2012)

Ciarán Lynch: The Deputy must obey the Chair. Only two minutes remain for a response and I wish to allow the witnesses to come in. I will bring the Deputy in sooner on another occasion if the Deputy behaves himself.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functioning of IBRC: Discussion (31 Oct 2012)

Ciarán Lynch: Perhaps, but the Deputy does not behave himself here.

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