Oireachtas Joint and Select Committees
Wednesday, 22 April 2015
Joint Oireachtas Committee on Finance, Public Expenditure and Reform
Overview of the Banking Sector in Ireland: Allied Irish Banks
2:00 pm
Mr. Brendan O'Connor:
We do not prey on SMEs in any way, shape or form. I will have to get the details from the Deputy because he said the customer has always kept in contract. I do not legally have the right to appoint a receiver unless the customer has broken a contract. I cannot appoint a receiver to a customer whose loans are all in order. I have no legal basis for doing so.
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