Oireachtas Joint and Select Committees
Thursday, 10 April 2014
Joint Oireachtas Committee on Finance, Public Expenditure and Reform
Mortgage Arrears Resolution Process: (Resumed) Bank of Ireland
11:50 am
Kevin Humphreys (Dublin South East, Labour) | Oireachtas source
The logic of what Mr. Boucher is saying is that because we are so tough, we have scared everybody else into performing. The bank is not acting in its best interests. It is not acting in the best interests of shareholders and it is certainly not acting in the best interests of the customer because they have engaged with the bank. The banks sends letters to them telling them to engage, which they have done. They have gone the full way and engaged with the insolvency mechanism, of which Bank of Ireland is a supporter. When it comes to the last hurdle, somebody who has played by all the rules is told by the bank to take a running jump.
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