Oireachtas Joint and Select Committees

Wednesday, 19 December 2012

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Role and Contribution of Public Interest Directors in Financial Institutions: Discussion with Permanent TSB

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5:10 pm

Mr. Ray MacSharry:

Our duty under the law is to manage a solvent institution. While we do not have the exact figures, the suggested write-offs would make for an insolvent institution unless someone else were prepared to pay for it.

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