I propose to take Questions Nos. 27 and 30 together.
There is a Troika commitment to examine aspects regarding the operation of the Courts repossession framework. This commitment includes an examination, by the end of October, of the possibility of more expedited proceedings for non-principal private residencies properties and the assigning of additional functions to specialist judges. In addition, an expert group will consider issues around the effectiveness of statutory repossession arrangements and report by end 2013.
It is not considered that these Troika commitments will have any particular impact on the engagement between banks and co-operating borrowers in seeking to conclude a sustainable solution to a mortgage problem The protections available to co-operating borrowers under the Code of Conduct on Mortgage Arrears will continue to remain in place and, of course, the recent Land and Conveyancing Law Reform Act now provides the power to a Court, having regard to the individual circumstances, to adjourn a repossession case, as it considers appropriate, to see if a Personal Insolvency Arrangement could be concluded as an alternative option. While primary responsibility for action in this area rests with my colleague, Minister Alan Shatter TD, Minister for Justice and Equality, it is my understanding that there are no proposals for any further legislative changes in this area at this time.