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

Photo of Pearse DohertyPearse Doherty (Donegal, Sinn Fein) | Oireachtas source

We all know that the tracker mortgage scandal was an evolving thing. While damage was done and decisions were taken, Mr. Masding tells us it was a systems error, but it is very hard to believe that all the banks all had a systems error at the same time. While the current management would not have been there at the time, everyone on this committee and the public know that the figures that were being presented continued to grow, to the point where there are now 40,000 individuals who have had their money taken wrongly from their accounts. Permanent TSB was not unique in terms of identifying new customers. To add to that, it has been stated that the margin issue is one that Permanent TSB has still not dealt with. Mr. Padraic Kissane, who has been a shining light in relation to this issue, has made it clear that the big remaining issue within Permanent TSB is that margin, and he believes he is 100% right on this. Is Mr. Masding satisfied that he has dealt with this in a customer-centric way, as opposed to the more legalistic approach, or the approach of trying to save a few bob for the bank?

Comments

No comments

Log in or join to post a public comment.