Oireachtas Joint and Select Committees
Wednesday, 26 March 2014
Joint Oireachtas Committee on Finance, Public Expenditure and Reform
Draft Heads of Central Bank Bill 2014: Department of Finance
4:15 pm
Stephen Donnelly (Wicklow, Independent) | Oireachtas source
Does this effectively shut out ICS? The conversation we have just held suggests that ICS, as a brand and a retail network with all its IP, whatever that IP may be, will continue to exist. From the public's perspective, it will not see anything. This is an ownership issue. Essentially, ICS will continue to operate. The staff will continue to be employed. There will, undoubtedly, be a loan book plugged in to the front end, the retail end. Is that the idea? The idea is not that ICS disappears and that this is essentially an asset transfer.
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