Martin Conway (Fine Gael) | Oireachtas source

The Minister of State, Deputy Brian Hayes, is very welcome. I expect that he is more in tune than most of his Cabinet colleagues with the difficulties affecting people in our society. The code of conduct on mortgage arrears should be reviewed in three months time. It is a retrograde step. There were operational issues with the previous code, but the new one will bring out the vulture element in the banks yet again. In line with Senator Sean D. Barrett's amendment, actions speak louder than words and louder even than legislation. If the Central Bank is not capable either of micro or macro-managing itself, the Government must step in to do so.