Oireachtas Joint and Select Committees

Wednesday, 12 November 2014

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Overview of Banking Sector: Permanent TSB

2:35 pm

Mr. Jeremy Masding:

I will respond first on the macro question, that of the Irish banking market. Competition is good, but I would use the phrase "controlled competition". As a foreigner, I look at what happened in 2008 when competition drove what I would call "support innovation".