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:
This is the problem with which we are faced. Sometimes the EBA and ECB have rules with regard to non-performing loans and so forth that are inconsistent with common sense. Under pillar 2, regulators are sometimes given facilities to correct those defects. We should look out for those opportunities.
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