Joint Committee on Finance, Public Expenditure and Reform, and Taoiseach to discuss Credit Servicers Directive

Committee Cathaoirleach Deputy John McGuinness said: “The Committee welcomes this engagement with Mr Honohan, a distinguished barrister and Master of the High Court, regarding the State’s transposition of the EU Credit Servicers Directive, and looks forward to hearing his views on the matter.

“The purpose of the Directive is to promote a secondary market and governing framework for non-performing loans which are transferred or sold after 29 December 2023. It provides for a new EU wide authorisation and regulatory framework for credit servicers to be overseen by national competent authorities, which in Ireland’s case will be the Central Bank.”

The Joint Committee on Finance, Public Expenditure and Reform, and Taoiseach has 14 Members, nine from the Dáil and five from the Seanad.

The meeting in Committee Room 3 can be viewed live on Oireachtas TV.