Thursday, 13 June 2019

Questions (64)

Michael McGrath

Question:

64. Deputy Michael McGrath asked the Minister for Finance the number of applications for authorisation the Central Bank has received on foot of the enactment of the Consumer Protection (Regulation of Credit Servicing Firms) Act 2018 by firms that hold the ownership of Irish mortgages; and if he will make a statement on the matter. [24777/19]

View answer

Written answers (Question to Finance)

The Deputy will be aware that the Central Bank is independent in the performance of its functions. I have been informed by the Bank that it has updated its public register of Credit Servicing Firms to include details of the 37 persons who met the relevant requirements to avail of the transitional arrangements provided for under Section 34FA(1) of the Central Bank Act, 1997 (i.e. each relevant person is recorded as being a ‘transitional firm’ on the Register of Credit Servicing Firms which can be found on the Bank’s website). The Bank has also confirmed that it does not comment on the number of individual applications received.

Additional information to the Deputy’s query can be found in my previous replies to PQs 24539/19 and 24540/19 for answer on 12 June.