Oireachtas Joint and Select Committees

Wednesday, 20 February 2013

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Access to Credit Provision: Discussion with Credit Review Office

3:05 pm

Photo of Ciarán LynchCiarán Lynch (Cork South Central, Labour) | Oireachtas source

There is something that has arisen. Can we put a formal proposal? An issue that struck me when Mr. Trethowan was speaking was that when the banks completely turn a review process, there is not a direction that the Credit Review Office is available to them as a statutory mandatory practice. I propose that the committee write to the Minister for Finance, the Secretary General of the Department of Finance and the CEOs and chairpersons of Bank of Ireland and AIB stating that we will be requesting them to give the details of the Credit Review Office in terms of appealing any decision of an internal appeals process that they made themselves that has been found to be unsuccessful and that they would do that from hereon as standard practice. We will notify the Central Bank of same. Is that agreed? Agreed.

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