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Speech: Patrick Honohan – Ireland’s mortgage over-indebtedness against the background of macroeconomic and fiscal challenges

( September 5, 2011, 16:23 GMT | Official Statement) -- MLex Summary: The Central Bank of Ireland plans to closely scrutinise banks' treatment of customers who fall behind on mortgage payments, Governor Patrick Honohan said, calling on lenders to build up their capacity to assess such cases on their individual circumstances. He added that the central bank is assisting the government in drafting a bankruptcy-law amendment to create a settlement mechanism.The following is the text of the speech as published on the website of the Bank for International Settlements....

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