Seanad debates
Wednesday, 5 July 2017
Central Bank and Financial Services Authority of Ireland (Amendment) Bill 2014: Committee Stage
10:40 am
Rose Conway Walsh (Sinn Fein) | Oireachtas source
I have no issue with the amendment as such. I thank Fianna Fáil colleagues for bringing it forward, but I am not aware of any demand for a change in the ceilings. Certainly, I see no reason why the council would not keep the figures under review. What data there is goes back to the 2014 FLAC report which suggests the ceiling is a very hypothetical one and that any review at this point would not result in a change. However, we have seen the likes of the tracker mortgage cases in which family homes have been lost. As such, we cannot rule out the need for a review at this stage. It is important to discuss it.
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