Pearse Doherty (Donegal, Sinn Fein) | Oireachtas source

I would not expect anything less from Mr. Masding. What he explained to me last time was this: Permanent TSB's split mortgages could not be defined as performing unless they returned to the original contract. That is wrong, because now he has confirmation that split mortgages can be defined as performing loans. I put the practice of AIB and Bank of Ireland to him and he said he did not have a clue how they could do it. Mr. Masding also told us at that time that he was waiting for clarification, and that he had received no response to the numerous submissions that had been made to the ECB. However, Permanent TSB decided as a board, and Mr Masding decided as the chief of that board, to sell these loans regardless.