Michael McGrath
Question:90. Deputy Michael McGrath asked the Minister for Finance when the mortgage arrears resolution targets for 2015 will be published; and if he will make a statement on the matter. [10879/15]
View answerThursday, 12 March 2015
Questions (90)
Written answers
The Central Bank has informed me that as part of its supervisory interaction with the banks, it will continue to engage on the banks' strategies, management, measurement and reporting of the resolution and restructuring of commercial and mortgage non-performing loans (NPLs). The Central Bank has also advised me that, working in conjunction with the ECB (as part of the Single Supervisory Mechanism), it expects that the vast majority of distressed mortgage borrowers will be in a concluded sustainable solution by the end of 2015, that the terms of restructures are being met in line with the existing MART requirements and all institutions continue to comply with the Central Bank's statutory Code of Conduct on Mortgage Arrears.