Tracker Mortgages

Dáil Éireann Debate, Thursday - 26 January 2012

Thursday, 26 January 2012

Questions (81)

Michael McGrath

Question:

77 Deputy Michael McGrath asked 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]

Written answers

Minister for Finance (Deputy Michael Noonan)

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.