Oireachtas Joint and Select Committees

Tuesday, 9 April 2019

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

Business of Joint Committee
Matters Relating to the Banking Sector: Permanent TSB

2:00 pm

Mr. Jeremy Masding:

No. We undertook the work I described in my opening remarks and that work was subject to external assurance. It was then subject to independent assurance by the Central Bank of Ireland. The programme has finished and the Central Bank has not come back to us with further cohorts of customers. As Ms Timoney discussed with Deputy Pearse Doherty, we have the total provision and we have what we have spent. What is left is the fine and the customers who have been impacted upon may wish to go to the Ombudsman or through the legal process. There is no expectation of further impacted customers on the part of the bank.