Oireachtas Joint and Select Committees
Thursday, 5 October 2017
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
Banking Sector in Ireland (Resumed): Ulster Bank
9:30 am
Mr. Gerry Mallon:
It is the bank's policy but I think there are legal and regulatory complications as well. If the legal entity in the North was selling and securing a mortgage on somebody in the Republic then that would be a mortgage in the Republic and it would attract Irish regulation and Irish capital standards and so on, and require an Irish licence.
No comments