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Taoiseach rejects Fianna Fáil bill to remove banks' insolvency veto

The Taoiseach says the government will not accept a Fianna Fáil bill which would stop bank...
Newstalk
Newstalk

16.03 3 Mar 2015


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Taoiseach rejects Fianna Fáil...

Taoiseach rejects Fianna Fáil bill to remove banks' insolvency veto

Newstalk
Newstalk

16.03 3 Mar 2015


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The Taoiseach says the government will not accept a Fianna Fáil bill which would stop banks from having a veto in any insolvency arrangement.

Enda Kenny says the bill from Fianna Fáil is unconstitutional and that it can't be accepted.

He says the insolvency regime is working, but not enough people are engaging with it.

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He says banks need to be more proactive in telling borrowers to go into the process if they're struggling:

It comes as organisations helping people with distressed mortgages warn that the number of repossessions is on the rise.

Ahead of tonight's bill, Fianna Fail Senator Thomas Byrne told the Last Word people are desperate to hold onto their homes.


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