Michael McGrath (Cork South Central, Fianna Fail)
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65. To ask the Minister for Finance the differences in reporting between the legal owner and the beneficial owner in terms of the mortgage arrears statistics published by the Central Bank when mortgage accounts are incorporated in a securitisation model; if, for example the legal owner is a regulated entity and the beneficial owner is not a regulated entity, the areas of the Central Bank's statistics in which this would be recorded; if this would be deemed to be a mortgage owned by an unregulated owner; and if he will make a statement on the matter. [24187/18]

Paschal Donohoe (Dublin Central, Fine Gael)
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I have been advised by the Central Bank of Ireland, that in their quarterly published Residential Mortgage Arrears and Repossessions Statistics, reporting entities are classified in three ways:

- regulated banks,

- regulated retail credit firms, and

- unregulated loan owners.

Guidance is given to the reporting entities that data is to be reported on the basis of legal ownership of the loan. In the example above, if the legal owner is a regulated entity, this would be reported to the Central Bank as either a regulated bank or a regulated retail credit firm.