Permanent TSB warns on capital if loan rates miss stress-test
Permanent TSB boss Jeremy Masding said Irish banks would need more capital if they become overly lax on mortgage debt forgiveness and variable-loan interest rates fall.
Permanent TSB Group chief executive Jeremy Masding said Irish banks would need more capital should they become overly lax on mortgage debt forgiveness and variable-loan interest rates fall below those assumed in stress tests.
Exceptional or unusual rules in relation to debt forgiveness “would have a material impact on customer repayment behaviour and the calculations underlying the stress tests would have to be completely recalculated - leading to a huge increase in the amounts of...
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