Oireachtas Joint and Select Committees

Thursday, 20 December 2012

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Role and Contribution of Public Interest Directors in Financial Institutions: Discussion

11:05 am

Mr. Tom Considine:

Deputy Spring is in a better position than I to know what the public wants. From where I sit, the bottom line has a number of different constituencies, including the State insisting - and rightly so - that the money it gave to the Bank of Ireland is remunerated at a significant rate of interest and that the Government gets back its money on the equity it holds, whenever it chooses. The State has a critical interest in ensuring the bank is sufficiently strong to support the development of the economy. Unless there is a banking system that can support and lend to the SME as well as the mortgage sectors, we will not have an economy.

Comments

No comments

Log in or join to post a public comment.