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): Allied Irish Banks
9:30 am
Pearse Doherty (Donegal, Sinn Fein) | Oireachtas source
AIB's position on the duration is perhaps key in all this because obviously the EBA rule is that one cannot use underlying collateral to pay off a mortgage and AIB's scenario is that for the warehoused portion there is not a trigger at the age of 65 or 67. Is it a lifetime issue?
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