Oireachtas Joint and Select Committees

Thursday, 13 November 2014

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Overview of Banking Sector: Ulster Bank

10:55 am

Photo of Paul MurphyPaul Murphy (Dublin South West, Socialist Party) | Oireachtas source

There are definite lessons for Ulster Bank and other banks about outsourcing.

On the more general question of outsourcing, it is an illustration of how obstructive the bank's answers to the questions on outsourcing are. We asked whether it could provide details of the number of outsourced staff and the companies from which it outsourced staff and the reply referred us to the answer to question No. 13 which asked what functions had been outsourced in the past 12 months, to which the answer is that the bank has not outsourced any function.

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