Written answers
Thursday, 26 January 2012
Department of Finance
Tracker Mortgages
5:00 pm
Michael McGrath (Cork South Central, Fianna Fail)
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Question 77: To ask the Minister for Finance if he or any officials in his Department or in the Central Bank of Ireland have had discussions with any of the covered institutions regarding warehousing their loss-making tracker mortgages in off-balance sheet vehicles or with the Irish Bank Resolution Corporation; and if he will make a statement on the matter. [4664/12]
Michael Noonan (Limerick City, Fine Gael)
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As the Deputy can appreciate, officials in my Department and in the Central Bank of Ireland are in constant on-going dialogue with all of the covered institutions in respect of implementing structures and solutions which would seek to enhance the overall financial system. As and when further measures are agreed/solutions emerge, I will inform the House as appropriate.
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