Credit reviewer confident over new role
At yesterday’s launch of the office – which was established by Finance Minister Brian Lenihan in last December’s budget – the new Credit Reviewer, John Trethowan, said his mission was to ensure the credit supply systems were working correctly, but that his role will be an impartial one.
The Review Office’s remit will initially just cover loan applications with a maximum value of €250,000 and those relating to the five NAMA-bound institutions, although that could be extended to other banks in the future.