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Debt Resolution Pilot Scheme

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Debt Resolution Pilot Scheme

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Minister for Finance (Deputy Michael Noonan)

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Snippet Contents:

The Central Bank has advised that it has been agreed among the lender participants to use an independent third party service provider as the most appropriate way to engage with borrowers, whose consent to participate will be sought and required to take part in the pilot. I am informed by the Central Bank that discussions are underway to determine the most appropriate provider and that no decision on this has yet been made. However, I also understand that an important consideration for the Central Bank in this matter, due to the short timelines involved, is the ability of the provider to provide an effective and efficient service at short notice.