‘Measures’ promised on vulture funds issue; Finance minister pledges extra regulation but fails to set timeline

Finance Minister Paschal Donohoe has confirmed that he will introduce “additional measures” to deal with unregulated vulture funds that buy up distressed mortgages.

Mr Donohoe is expected bring a memo to Cabinet on the issue of vulture funds ahead of an opposition bill due to be debated in the Dáil tomorrow.

The minister said: “Across the coming period we will be putting in place the kind of additional measures and responses that we believe are necessary to deal with this.”