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

10:35 am

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

The difficulty the committee has is that we cannot drill down into the bank's behaviour with its customers if we do not have these figures. That is the problem the committee has. We are trying to ensure consistency of approach, not that people will be given a pass to walk away from their obligations.

People have obligations and we want to know how they are meeting them. We want to know, for example, why the type of split mortgage Bank of Ireland operates is different from those of most of the other financial institutions. How many of its people are getting that? Is Mr. Boucher telling the committee he does not have a breakdown of those figures?

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