Oireachtas Joint and Select Committees
Wednesday, 17 July 2013
Joint Oireachtas Committee on Finance, Public Expenditure and Reform
Insolvency Service of Ireland: Discussion
3:30 pm
Kieran O'Donnell (Limerick City, Fine Gael) | Oireachtas source
If the banks' IT systems are not up to date or they do not have the correct procedures in place, does the ISI have at its disposal any legal tools to force them to co-operate? There could be one bank which might be ready to deal with customers who are in financial difficulties as a result of the crisis, while the other banks might be dragging their heels. There is an inconsistency in this regard. Does the ISI have the tools or the wherewithal to bring on board any banks that do not have the correct procedures, etc.?
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