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Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Joint Committee
Matters Relating to the Banking Sector: Permanent TSB
(9 Apr 2019)

Rose Conway Walsh: Yes.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Joint Committee
Matters Relating to the Banking Sector: Permanent TSB
(9 Apr 2019)

Rose Conway Walsh: The company is used for other services. Will Mr. Masding give us an idea and quantify the other services?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Joint Committee
Matters Relating to the Banking Sector: Permanent TSB
(9 Apr 2019)

Rose Conway Walsh: What is Mr. Masding's opinion on the Competition and Markets Authority in the UK with respect to the break-up of the "big four"? Is that prudent so that there would be no shadow of a doubt about a conflict of interest where other services are being engaged by the external auditor?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Joint Committee
Matters Relating to the Banking Sector: Permanent TSB
(9 Apr 2019)

Rose Conway Walsh: I will comment on it in the sense that if a bank is already paying an auditing service for something else, it is beholden to that service. I certainly would welcome the developments in the UK and I know this committee has previously suggested that the Competition and Consumer Protection Commission carry out a proper examination of the big four firms. If people look at their mortgage...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Joint Committee
Matters Relating to the Banking Sector: Permanent TSB
(9 Apr 2019)

Rose Conway Walsh: Have all the accounts that were the subject of a mix of tracker and fixed rates been examined by the bank?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Joint Committee
Matters Relating to the Banking Sector: Permanent TSB
(9 Apr 2019)

Rose Conway Walsh: There are 10,728 customers in various long-term solutions. Are they safe from vulture funds?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Joint Committee
Matters Relating to the Banking Sector: Permanent TSB
(9 Apr 2019)

Rose Conway Walsh: Does this mean that more of the 13,000 family homes could be sold off to vulture funds?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Joint Committee
Matters Relating to the Banking Sector: Permanent TSB
(9 Apr 2019)

Rose Conway Walsh: Indulge me.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Joint Committee
Matters Relating to the Banking Sector: Permanent TSB
(9 Apr 2019)

Rose Conway Walsh: Is it the bank's aim to get down to 3.5%?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Joint Committee
Matters Relating to the Banking Sector: Permanent TSB
(9 Apr 2019)

Rose Conway Walsh: Is it the bank's aim to get down to 3.5%?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Joint Committee
Matters Relating to the Banking Sector: Permanent TSB
(9 Apr 2019)

Rose Conway Walsh: Lower.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Joint Committee
Matters Relating to the Banking Sector: Permanent TSB
(9 Apr 2019)

Rose Conway Walsh: There is no advantage to customers in engaging with the bank and taking out a split mortgage as they will still end up in the same pile of non-performing loans.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Joint Committee
Matters Relating to the Banking Sector: Permanent TSB
(9 Apr 2019)

Rose Conway Walsh: Has the bank made provision for legal challenges to the prevailing rate?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Joint Committee
Matters Relating to the Banking Sector: Permanent TSB
(9 Apr 2019)

Rose Conway Walsh: The bank is protected because the Central Bank has approved it. Do our guests believe that any future legal obligations will fall on the Central Bank, rather than Permanent TSB?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Joint Committee
Matters Relating to the Banking Sector: Permanent TSB
(9 Apr 2019)

Rose Conway Walsh: Permanent TSB designed the process and the Central Bank signed off on it.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Joint Committee
Matters Relating to the Banking Sector: Permanent TSB
(9 Apr 2019)

Rose Conway Walsh: Does it not give Permanent TSB legal protection when the Central Bank approves the methodology it is using?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Joint Committee
Matters Relating to the Banking Sector: Permanent TSB
(9 Apr 2019)

Rose Conway Walsh: Were there to be legal action, it is the board of management that would be liable-----

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Joint Committee
Matters Relating to the Banking Sector: Permanent TSB
(9 Apr 2019)

Rose Conway Walsh: -----rather than any other body.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Joint Committee
Matters Relating to the Banking Sector: Permanent TSB
(9 Apr 2019)

Rose Conway Walsh: Yes. Unfortunately it all ends up with the taxpayers.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Joint Committee
Matters Relating to the Banking Sector: Permanent TSB
(9 Apr 2019)

Rose Conway Walsh: We know. The Explore account has a €4 monthly fee but there is 10 cent in cash back when one uses the debit card. How many customers end up paying no fee at all? How many receive the maximum €5 cash back? This is a €1 gain after the monthly fee. Are all customers entitled to an Explore account?

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