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:
If the SSM comes back and we are not able to navigate these mortgages towards the performing loans category, whether by interpreting the regulations in a particular way or by way of dispensation, then we are back to the problem we have today, which is that they are counted as part of the non-performing loans stack. We are obligated by the SSM to deal with that and to bring that to a normal level.
No comments