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
Mr. Jeremy Masding:
I wish to state for the record that the transaction was not driven by tax considerations. The securitisation was designed to try to reduce our NPL ratio. As we discussed at the previous meeting, Permanent TSB operates within the tax and regulatory framework set by the Oireachtas. We kept the 5% because it was part of the derecognition. I cannot say anything more on the issue.
No comments