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Seanad
‹ Order of Business

IBRC mortgage code responsibility

Summary

Senator Coghlan says Government support for applying the mortgage-arrears code was decisive, while Senator O’Brien disputes this; the Leader allows the exchange to continue.

I welcome the announcement the IBRC liquidators have made that all the bidders accept the Central Bank code of practice. We should not be surprised.

As far as the Minister for Finance and the Government were concerned, this was a sine qua non.

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Senator Coghlan is wrong.

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It was. I discussed this with the Minister for Finance.

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The Senator is wrong.

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Paddy Burke An Cathaoirleach Fine Gael

Senator Paul Coghlan without interruption.

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Senator O'Brien is normally well intentioned.

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The Minister stated that he could not have anything to do with it and-----

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With respect, the other concerns Senator O'Brien raised-----

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-----it was only that people spoke up about it.

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That is mere speculation at this stage. We should await developments.

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That is what happened.

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Paddy Burke An Cathaoirleach Fine Gael

Senator Paul Coghlan without interruption.

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No. I am telling Senator O'Brien-----

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That is what happened.

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Paddy Burke An Cathaoirleach Fine Gael

Senator Paul Coghlan without interruption.

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