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
4:25 pm
Stephen Donnelly (Wicklow, Independent) | Oireachtas source
I will leave that point which, I hope, has been reasonably well made. I do not believe the Department is asking the question as to whether this adversely affects the ICS customers in a meaningful way if no one in the Department has checked whether they are currently being treated in a different way. The answer may be that they are all under the CCMA but AIB and Bank of Ireland customers are under the CCMA even though they are being treated in completely different ways by the two banks.
If the Department of Finance wants to credibly appear before this committee and say that it is satisfied that the Bill it will put before us will not adversely affect ICS borrowers, it must know whether they are currently being treated in a different way from Bank of Ireland borrowers. That is not an unreasonable thing to ask. Will someone in the Department take a look at that?
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