Search for rebuilding ireland home loan speaker:John McGuinness (KildareStreet.com)

Consumer Protection (Regulation of Credit Servicing Firms) Bill 2018: Report and Final Stages [Private Members] (22 Nov 2018): John McGuinness: ...not and that there is a mechanism whereby they can park an awful lot of this debt, work down through it and have their balance sheets right for Europe while at the same time helping the people in Ireland who are affected by these distressed mortgages. There is a lot more that can be done but they just will not do it. Deputy Kelleher mentioned interest rates. Following the recent...
Engagement with Investment Funds: Motion [Private Members] (27 Sep 2018): John McGuinness: ...not want to regulate vulture funds. In a visit by a committee delegation to the ECB over the past few weeks, we found that its officials never told the Irish banks to reduce their exposure to bad loans from 26%, and in some cases to 5%. They never instructed the banks in Ireland to sell to the vulture funds. They asked the banks to work out the loans with the individuals concerned but...

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