Oireachtas Joint and Select Committees

Wednesday, 12 November 2014

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Overview of Banking Sector: Permanent TSB

2:55 pm

Mr. Shane O'Sullivan:

At present it does not but, as the Deputy will be aware, the legislation is being amended to protect borrowers in situations like this. As part of the deal, we were not prepared to take any bidder into the process unless it gave a commitment upfront to honour the CCMA.

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