Neasa Hourigan (Dublin Central, Green Party) | Oireachtas source

I apologise if my question has already been asked already but I have been attending a meeting of the Joint Committee on Disability Matters. I will try to be quick because I know many Deputies want to speak after me. I have a question about the First Citizen Finance account. It received a €40 million facility in May 2016 that was repaid in October 2018. The cost of that was originally €35,000. Was the cost of the early repayment €35,000 and were the legal and assessment costs incurred more than that? If so, were those costs recovered? On a similar matter, Merrion Fleet finance was repaid early in 2017. The original assessment was for €15,000. Was it €15,000 or were the legal and assessment costs higher? If they were, were those costs recovered from First Citizen Finance?

In my short time here this morning, there has been a discussion about due diligence. Will the witnesses outline what would trigger a fresh due diligence process for a lender? It is proposed that Permanent TSB will buy a large portion of Ulster Bank loans, possibly doubling its current size. Is this a situation where fresh due diligence would have to be carried out to ensure its continued stability as a lender?