The Central Bank has announced a call for evidence of the impact of its mortgage rules ahead of its review of the measures in November.
Announcing the move, the Central Bank's Deputy Governor Sharon Donnery said the submission period will be open for eight weeks from 15 June to 10 August.
The loan-to-income and loan-to-value rules brought in last year by the Central Bank are designed to make the financial system safer, and prevent consumers overloading themselves with debt.
But they have been criticised by property industry groups for depressing the growth of house prices, and ultimately holding back the construction of more houses.
In her first speech since her appointment as Deputy Governor, Sharon Donnery said that if the mortgage measures had been in place 15 years ago, the scale of the financial crisis here would have been much more limited.
She said data clearly showed a link between higher loan to value and loan to income ratios and subsequent mortgage defaults. She also noted a link between higher LTV ratios and banks' losses from defaults.
Stressing that while the parameters of the mortgage rules may in the future be amended in response to cyclical conditions, the Deputy Governor said they have been introduced as permanent features of the Irish mortgage market.
Ms Donnery said the measures amount to "prudent lending standards", adding that the evidence threshold for any change would need to be high.
The Central Bank's review of the measures will bring together in-depth analysis of their early performance against their stated objectives, as well as analysing the potential side-effects of the measures.
It will also look at house prices and credit dynamics, as well as insights into the rental market, housing supply and unsecured lending.
Ms Donnery made her comments at a conference in Dublin today, organised by the Centre for Economic Policy Research.
