News & Statements

Irish Central Bank needs to develop code of practice on interest-only mortgages – Hayes

Brian Hayes, Fine Gael MEP, today (Monday), said that the Central Bank of Ireland needs to develop a code of practice for Irish banks on how to deal with interest-only mortgage customers in a fair way. Mr. Hayes warned that banks could face a serious arrears crisis in the coming years as more and more interest-only mortgages become due for final repayment.

It’s time to implement the EU Victims’ Right Directive – Hayes

Dublin Fine Gael MEP, Brian Hayes today (Monday) said that the enactment of the EU Victims' Right Directive must be a priority for the Government. MEP Hayes made his comments while speaking at a conference organised by the Victims' Right Alliance in Dublin's Mansion House.

ECB still in denial on role in Irish crisis – Hayes

European Central Bank President, Mario Draghi, today (Thursday) answered questions in the European Parliament's ECON committee on the circumstances that led to the Irish bailout. Brian Hayes MEP, who questioned the ECB President, commented that ECB actions ultimately made the bailout situation worse for Ireland.