Written answers

Thursday, 11 November 2010

6:00 pm

Photo of Thomas ByrneThomas Byrne (Meath East, Fianna Fail)
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Question 111: To ask the Minister for Finance when he expects the expert group on mortgage arrears and personal debt to finalise their deliberations and produce a final report [42178/10]

Photo of Brian Lenihan JnrBrian Lenihan Jnr (Dublin West, Fianna Fail)
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The Mortgage Expert Group submitted its Interim Report to me in early July. The Government accepted all of the recommendations. I understand that good progress has been made in regard to the implementation of the recommendations. Since July, the Expert Group has been working on its Final Report. They have been considering a number of very complex and sensitive issues which has necessitated extensive consultation with various stakeholders. I understand that the Group's will finalize their Report in the coming days and I expect receive it very shortly.

Photo of Thomas ByrneThomas Byrne (Meath East, Fianna Fail)
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Question 112: To ask the Minister for Finance when he expects the Financial Regulator to publish his amended revised code of conduct on mortgage arrears [42179/10]

Photo of Brian Lenihan JnrBrian Lenihan Jnr (Dublin West, Fianna Fail)
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The Deputy will be aware that the Expert Group on Mortgage and Arrears and Personal Debt (Expert Group) submitted its Interim Report to me in July. The Government accepted all of the recommendations. I understand that good progress has been made in regard to the implementation of the recommendations. To give effect to the recommendations of the Expert Group, the Financial Regulator undertook a consultation process on the proposed amendments to the Code of Conduct on Mortgage Arrears. I understand from the Financial Regulator that the consultation process has been completed and final preparations for publication of the new Code are in hand.

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