Oireachtas Joint and Select Committees
Thursday, 30 May 2019
Public Accounts Committee
2017 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Office of the Minister for Finance
Chapter 1 - Exchequer Financial Outturn for 2017
Chapter 22 - Irish Fiscal Advisory Council
9:00 am
Mr. Gary Tobin:
Yes. I would not disagree with anything the Deputy is saying. Sometimes what happens is that loans are connected so that one could have a principal dwelling house, PDH, loan that is connected to a commercial loan. In such circumstances, some of the issues that the Deputy mentions can arise. The definition of what constitutes an NPL is set down by the European Banking Authority. We have a European definition-----