Oireachtas Joint and Select Committees

Thursday, 6 December 2018

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach

Sale of Permanent TSB Mortgage Loans: Discussion

2:00 pm

Mr. Dermot Caden:

Legal title and beneficial title can be bifurcated apart and they do not necessarily need to belong to the same party. That is what is occurring in this instance. Pepper, as the authorised regulated firm in Ireland, will take ownership of the legal title to those loans whereas the beneficial owner of the interest, the economic benefit attached to the loans, will vest with the-----

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