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

Mr. Jim O'Keeffe:

As part of this we will also write down some of the debt to make it a sustainable solution at that point. We have reviews that go on during it and we also have some trigger points in terms of incentives for the borrower to repay at particular points during it. All that contributes to how the rules assess it.

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