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
Mr. Ed Sibley:
There are a couple of things. As I referenced earlier, there is absolute clarity, including for the banks, as to what is required for the loans to be classified in a different way - to move from a non-performing loan to a performing loan or from securities to another term. The banks are clear on what needs to happen and they have choices as to how they go about it.
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