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

4:35 pm

Photo of Richard Boyd BarrettRichard Boyd Barrett (Dún Laoghaire, People Before Profit Alliance) | Oireachtas source

I accept that in many ways building societies have started to function like banks but that said, in ICS there might be a legacy in terms of how it deals with customers, which means it has a slightly different approach to dealing with customers than banks, which some might argue – perhaps not me - have a more hard-headed approach with mortgage holders. There are questions to which we do not know the answers in terms of what this might mean for ICS customers. I do not know how we would do it but I suggest to the Chair that in discussing the heads of the Bill in the pre-legislative stage that ICS customers might be given the opportunity to give their views. I do not know if that is possible or how we would go about doing it.

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