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. Jeremy Masding:

I have answered that question insofar as that the code is voluntary. The overriding and governing document is the loan facility letter. As I tried to explain to the Senator, we are trying to get as many moons aligned as we can, where one of those moons is that I, as a chief executive of a management team, have a bank that has a 16% MPR ratio. That is not sustainable.

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