Oireachtas Joint and Select Committees
Wednesday, 4 September 2013
Joint Oireachtas Committee on Finance, Public Expenditure and Reform
Overview of Financial Sector: Discussion with Bank of Ireland
11:05 am
Ciarán Lynch (Cork South Central, Labour) | Oireachtas source
The Minister for Finance, Deputy Noonan, is not seeking records related to some guy who loses his bank card and calls Bank of Ireland to find out his PIN. He is seeking information that may be relevant to a banking inquiry, for example, issues related to the bank guarantee and records of communications between the banks regarding balance sheets. The response received from all the other banks stated categorically that they would take the necessary steps. However, Bank of Ireland chose to state it would do what it reasonably could, which implies it is taking a different approach from the other banks. I would like to hear categorically from Mr. Boucher that Bank of Ireland will safely hold every record, whether an audio recording, a document or in some other manifestation, for use in the event of an inquiry or inquiries taking place in future.
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