Oireachtas Joint and Select Committees
Thursday, 10 May 2018
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
Banking Sector: Quarterly Engagement with the Central Bank of Ireland
9:30 am
Michael McGrath (Cork South Central, Fianna Fail) | Oireachtas source
On the issue of split mortgages and in the context of non-performing loans, what work is ongoing around the definition? This relates to Permanent TSB's split mortgages and the fact that AIB's split mortgages are deemed to be performing loans under the European Banking Authority's single supervisory mechanism, SSM, technical definition. What work is ongoing around the more than 4,000 split mortgages in Permanent TSB, which are performing according to the terms of the agreements, to be accepted in a technical sense as being performing loans?
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