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. Jeremy Masding:

We have kept the Minister and his Department fully informed. I would not want to go into the detail of our discussions. There is a relationship framework agreement between the State and the bank and we will meet all obligations under that agreement. It requires us to consult at the time that any transaction is going to happen, so there has been no formal consultation.

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