Oireachtas Joint and Select Committees
Wednesday, 29 April 2015
Joint Oireachtas Committee on Finance, Public Expenditure and Reform
Overview of the Banking Sector in Ireland (Resumed): Ulster Bank
2:00 pm
Mr. Stephen Bell:
It is a matter of regulatory and accounting requirements for a prudential institution. It is not something we choose to do. We are asked by our shareholder to make an adequate return on equity. The level of equity is driven by the risk-weighted assets and the risk-weighted assets are driven by accounting and regulatory rules, so it is not our choice.
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