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
Mr. Bernard Byrne:
The mortgage finance company is effectively a funding vehicle established to comply with the Asset Covered Securities Acts. The mortgages move between those entities but the customer does not see the financing aspect associated with that.
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