Oireachtas Joint and Select Committees

Wednesday, 4 September 2013

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Overview of Financial Sector: Discussion with Ulster Bank

1:55 pm

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

Is a protocol built into the resolution process? I understand that targets have to be reached and that there will be unexpected and unforeseen criteria and that difficulties will arise. Is there a protocol by which Ulster Bank can communicate to the Central Bank and make the case that it believes these other solutions should come on the table, and, if there is, has the bank made a communication or does it intend to make a communication to the Central Bank at that level?

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