Pearse Doherty (Donegal South West, Sinn Fein) | Oireachtas source

I agree on the importance of Permanent TSB to the Irish banking market and we await eagerly the Commission's recommendations. I am aware that the bank itself expects a favourable response on the restructuring plan, but this is in the hands of the Commission. At this point there are questions about the restructuring. There are also questions hanging over Ulster Bank and about how the potential restructuring of that bank may affect its involvement in the market in the future. Is the Minister concerned that two non-pillar banks which are major players in the market have not received approval, one way or another, in terms of restructuring? The Minister mentioned the Single Supervisory Mechanism and three banks will automatically come under it. Does he expect Permanent TSB rather than Ulster Bank to be the third bank?

See this speech in context