260. Deputy Jackie Cahill asked the Minister for Finance the criteria used by the banks in each of the years 2009 to 2016 and to date in 2017 whereby a hire purchase loan could be sold to vulture funds at a discount; the type of calculation or formula that was used to determine that a loan was impaired and that it could be sold to a third party; if the Central Bank monitored or issued parameters whereby hire purchase loans could be deemed to be impaired and sold to a third party; and if he will make a statement on the matter. [47025/17]

Summary

260. Deputy Jackie Cahill asked the Minister for Finance the criteria used by the banks in each of the years 2009 to 2016 and to date in 2017 whereby a hire purchase loan could be sold to vulture funds at a discount; the type of calculation or formula that was used to determine that a loan was impaired and that it could be sold to a third party; if the Central Bank monitored or issued parameters whereby hire purchase loans could be deemed to be impaired and sold to a third party; and if he will make a statement on the matter. [47025/17]

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

1. 7 November 2017

   Banking Sector

   260. Deputy Jackie Cahill asked the Minister for Finance the criteria used by the banks in each of the years 2009 to 2016 and to date in 2017 whereby a hire purchase loan could be sold to vulture funds at a discount; the type of calculation or formula that was used to determine that a loan was impaired and that it could be sold to a third party; if the Central Bank monitored or issued parameters whereby hire purchase loans could be deemed to be impaired and sold to a third party; and if he will make a statement on the matter. [47025/17]

   Source: written

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

1 official file

• Banking Sector

  xml · EN · 7 November 2017

  ViewDownloadOpen at official source

Sponsors

• Jackie Cahill · Asking member
• Finance · Finance · Addressed to

Related records

No cross-record relationships stored yet.