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

I wish to ask about the relationship framework. I am sorry, but Mr. Masding can answer the Parliament question later. If in the consultation the Minister, as the person who holds the shares in the bank, was to express the view that this was a betrayal of its customers and the Irish people, what would the bank do? The relationship framework does not prevent the bank from bulling ahead. What would it do if its major shareholder told it that this was not what he believed to be the best way forward for its customers or even itself?

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