Oireachtas Joint and Select Committees
Tuesday, 9 April 2019
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
Business of Joint Committee
Matters Relating to the Banking Sector: Permanent TSB
Ms Breege Timoney:
The CBI fine will be a matter for the CBI in due course as it concludes its investigation. IAS 37 is the relevant accounting standard and is the basis on which we come up with what management's best estimate of what those residual liabilities might be. That is the way we have to approach the matter and we cannot speculate on what the fine may or may not be.
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