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

Photo of Pearse DohertyPearse Doherty (Donegal, Sinn Fein) | Oireachtas source

Is Permanent TSB open to considering withdrawing the 4,300 split mortgages from the Project Glas portfolio and looking at how other financial institutions have navigated through the criteria, perhaps based on the response that is to come from the regulators in terms of how they are dealing with the issue of split mortgages? This working group was set up in November last. I would have expected that it would have given some feedback at this stage to the financial institution.

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