Oireachtas Joint and Select Committees

Wednesday, 9 October 2024

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach

Engagement with the Central Bank of Ireland

1:30 pm

Photo of Rose Conway-WalshRose Conway-Walsh (Mayo, Sinn Fein)

They want somebody in a consumer protection role, like Ms Rowland, to give them advice.

Regarding the duty of banks that gave people mortgages to ensure they were lending against properties that had a real and proper value, what would Ms Rowland regard to have been the role of the banks? Did the banks or financial institutions have any responsibility? What happens? Is a surveyor or engineer sent out by the bank? How does one know that what one is lending against is of sound value?

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