53 Deputy Joanna Tuffy asked the Minister for Finance if his attention has been drawn to newspaper reports that some Irish banks have made special provisions for mortgagees that are in negative equity; if he has been given any information by the banks about the nature of these arrangements and how widespread or otherwise those arrangements are; if there is any plan to encourage more banks to make provision specifically aimed at mortgagees that are in negative equity in properties that they would like to divest themselves of in order to move on with their lives in accommodation more appropriate to their circumstances; and if he will make a statement on the matter. [11810/12]

Summary

53 Deputy Joanna Tuffy asked the Minister for Finance if his attention has been drawn to newspaper reports that some Irish banks have made special provisions for mortgagees that are in negative equity; if he has been given any information by the banks about the nature of these arrangements and how widespread or otherwise those arrangements are; if there is any plan to encourage more banks to make provision specifically aimed at mortgagees that are in negative equity in properties that they would like to divest themselves of in order to move on with their lives in accommodation more appropriate to their circumstances; and if he will make a statement on the matter. [11810/12]

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• Banking Sector Regulation

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