Oireachtas Joint and Select Committees

Thursday, 22 March 2018

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach

Proposed Sale of Non-Performing Loans to Private Investment Funds (Vulture Funds): Permanent TSB

9:30 am

Mr. Stephen Groarke:

I cannot really comment on AIB because I would not be able to see its internal accounting and regulatory reporting papers. All I can go on is the conversations we have had with the SSM, in which we have sought to ascertain whether there is a technical route through reclassifying the loans as performing. We have sought answers to the questions we and MEPs have had about this issue. I refer to the need for the SSM and EBA working group to finalise its views on the matter.

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