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
Stephen Donnelly (Wicklow, Independent) | Oireachtas source
I thank the Chairman. I will be brief. I thank the representatives for appearing before the committee. My two questions are not specific to Permanent TSB, but I would like their views as to the running of the bigger banks. The first matter on which I would like to hear their view is on reducing the bankruptcy period, at least for a limited period, and the second is on the cost of borrowing. I and other Members of the Oireachtas would like to reduce the bankruptcy period from three years to one year, at least until the debt overhang is through. Does the Permanent TSB see any major difficulties for the bank were that to be done?
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