Dáil Éireann Debate, Tuesday - 17 April 2018
264. Deputy Pearse Doherty asked the Minister for Finance if a bank (details supplied) received legal advice or technical assistance in the development of its split mortgage product; if so, the details of the advisers and fees paid; and if he will make a statement on the matter. [16119/18]
Amharc ar fhreagraOfficials in the Department of Finance referred the Deputy’s question to PTSB and received the following response in this regard:
“Permanent TSB has a requirement for legal/technical support and advice on an on-going basis across different parts of its business. It manages some of this requirement through its in-house capabilities, as well as engaging external legal and technical advice where necessary. Except where required by law or regulation, and in line with how it manages its relationships with its other third-party advisors, the bank does not disclose the identity of such firms or individuals engaged to work with the bank on specific issues or the terms of such work as this information is deemed commercially sensitive.”
