New eviction legislation held up by banks’ concerns over non-performing loans

New eviction legislation held up by banks’ concerns over non-performing loans

Ireland’s mountain of non-performing loans represents a “national systemic risk” in the event of a downturn, the Central Bank governor Philip Lane has cautioned.

The warning comes as the government is struggling to bring in a new law to protect homeowners from repossessions over concerns it could threaten the ability of banks to sell off their bad loans.

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