Oireachtas Joint and Select Committees

Tuesday, 28 May 2019

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach

Matters Relating to the Banking Sector (Resumed): Pensions and Investment Research Consultants Ltd

Mr. Cormac Butler:

The regulator is working to the EBA definition but I do not know how strictly regulators are enforcing it. Once the value of a loan hits the recoverable amount and the customer is willing and able to pay on that new basis, that loan should be classified as performing.

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