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

Photo of Michael FitzmauriceMichael Fitzmaurice (Roscommon-Galway, Independent) | Oireachtas source

The Chairman and I are used to dealing with different banks and vulture funds in various situations. The witnesses will be familiar with different names like Capita and Promontoria. I would like Mr. Ryan to explain something to me. What is the chain when a public representative who is representing someone who may be in financial difficulty talks to Pepper? Is Pepper a middle man like Capita? There has been some talk about Goldman Sachs. Can Mr. Ryan tell me about the different pieces of the jigsaw that are involved in all of this?

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