Oireachtas Joint and Select Committees
Thursday, 14 December 2017
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
Paradise Papers (Resumed): Allied Irish Banks
9:30 am
Ms Helen Dooley:
Yes, because of the Irish legislation. Under the asset covered securities legislation, that type of funding requires banks to set up a separate company. As I understand it, the Legislature is considering removing that requirement, which would help us to simplify the structure as we could get rid of those vehicles.
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