Dáil Éireann Debate, Tuesday - 19 October 2010
221 Deputy Tom Hayes asked the Minister for Finance further to Parliamentary Question No. 101 of 8 July 2010 if the report referred to from the Mortgage Arrears and Personal Debt Expert Group detailing recommendations on personal debt and mortgage arrears, which he expected to receive at the end of September, has been received; the recommendations that are contained in that report; and if he will make a statement on the matter. [37719/10]
Amharc ar fhreagraIn view of the complexity of the various issues involved, I have agreed with the Chair, Mr. Hugh Cooney, that the Group should take somewhat longer over its task. It is now envisaged that the Group will Report in the coming weeks. I must emphasise that the Group has not yet taken final decisions on its recommendations, nor has any recommendation been submitted to Government. I would add that, in parallel to the work of the Expert Group, action has been taken to make progress on the recommendations in the Group's first Report. For example, the revised Code of Conduct on Mortgage Arrears, through which many of the Group's recommendations from the first Report are to be put into effect, has been through a public consultation process and the Financial Regulator hopes to finalise and publish it shortly. Work on the other recommendations is also in train.
