109. Deputy Alan Farrell asked the Minister for Finance if he will outline the impact that the European mortgage credit rules contained in the Mortgage Credit Directive will have on the mortgage industry here; the way it will impact on the rights of future mortgage holders; if these rights will be applied to current mortgage holders; if it is expected to increase the availability of mortgage credit through financial institutions; the level of accountability to the European Council that will be imposed on financial institutions; and if he will make a statement on the matter. [23656/13]

Summary

109. Deputy Alan Farrell asked the Minister for Finance if he will outline the impact that the European mortgage credit rules contained in the Mortgage Credit Directive will have on the mortgage industry here; the way it will impact on the rights of future mortgage holders; if these rights will be applied to current mortgage holders; if it is expected to increase the availability of mortgage credit through financial institutions; the level of accountability to the European Council that will be imposed on financial institutions; and if he will make a statement on the matter. [23656/13]

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• EU Directives

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