167 Deputy Noel Ahern asked the Minister for Finance if mutual building societies or other mutual organisations were not set up and approved for the purpose of granting home loans and mortgages only; if they always had the authority to engage in speculative commercial development transactions; if such authority was always used; if their activities have expanded in recent decades; and his views on confining any mutual body that emerges from the current banking and financial crisis to home mortgages exclusively; and if he will make a statement on the matter. [45048/09]

Summary

167 Deputy Noel Ahern asked the Minister for Finance if mutual building societies or other mutual organisations were not set up and approved for the purpose of granting home loans and mortgages only; if they always had the authority to engage in speculative commercial development transactions; if such authority was always used; if their activities have expanded in recent decades; and his views on confining any mutual body that emerges from the current banking and financial crisis to home mortgages exclusively; and if he will make a statement on the matter. [45048/09]

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• Financial Services Regulation.

  xml · EN · 2 December 2009

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