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. Mark Bourke:

I would go back to the point which I made which is that this is the start of a conversation. It is about putting in place the ability to put in place a share scheme. The Minister would have a say both as an investor and under the framework agreement. Under the law there is also the super tax in respect of bonuses. These are all issues which have to be determined by the Government. It is the Oireachtas's province. We are merely doing as I stated. This is not in any way an arrogant response nor is there any agreement with the Minister or any cosy arrangement.

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