PTSB’s Masding cries foul over regulatory costs

Masding said the current method for calculating how much it should be levied by the regulator needs to be more appropriate to its size

1st October, 2017
Chief executive of Permanent TSB, Jeremy Masding

The chief executive of Permanent TSB, Jeremy Masding, has written to the Central Bank to argue that it unfairly faces the same regulatory costs as banks up to five times its size.

Masding said the current method for calculating how much it should be levied by the regulator needs to be more appropriate to its size and the activities it carries out.

The letter came as part of a review of how much the Central...

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