Oireachtas Joint and Select Committees
Wednesday, 13 May 2015
Joint Oireachtas Committee on Finance, Public Expenditure and Reform
Overview of the Banking Sector in Ireland (Resumed): Permanent TSB
2:00 pm
Mr. Jeremy Masding:
There is no regulatory oversight per se because internationally it is a normal banking practice and there are international standards. We apply those standards.
In response to the Deputy's second question, certainly in our case, we are obliged to deleverage our non-core assets because it is in our restructuring plan. We make a judgment as to whether the process and the price represent the optimum deal for the taxpayer. I can-----
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