Dáil Éireann Debate, Thursday - 28 March 2019
60. Deputy Pearse Doherty asked the Minister for Finance if table A.6 of the Central Bank money and banking statistics refers specifically to residential assets here that are securitised; and if he will make a statement on the matter. [14638/19]
View answer61. Deputy Pearse Doherty asked the Minister for Finance the value of securitised assets that are residential mortgages securitised by exam bank; and if he will make a statement on the matter. [14639/19]
View answerI propose to take Questions Nos. 60 and 61 together.
The Central Bank of Ireland has advised that Table A.6 of the Bank’s Credit, Money and Banking Statistics includes both on-balance sheet loans for house purchase (column E) and loans for house purchase derecognised from the balance sheet of an Irish resident bank in a securitisation transaction where the servicing rights of the loan remain with the originating institution (column F). The data relates to loans advanced to Irish residents only. (The relevant explanatory note of the dataset can be found here:
https://www.centralbank.ie/docs/default-source/statistics/data-and-analysis/credit-and-banking-statistics/bank-balance-sheets/money-and-banking-statistics-explanatory-notes_january2016.pdf?sfvrsn=9).
At end-January 2019, the Central Bank indicates there was €21.4 billion outstanding in loans to Irish residents for house purchase that were derecognised from the balance sheet of Irish resident banks in securitisation transactions, and where the servicing rights of the loans remain with the originating institutions. (The relevant dataset is the Central Bank of Ireland, Credit, Money and Banking Statistics Table A.6, found here:
https://www.centralbank.ie/statistics/data-and-analysis/credit-and-banking-statistics/bank-balance-sheets/bank-balance-sheets-data).
