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): Bank of Ireland
2:00 pm
Mr. Richie Boucher:
I will speak in generalities rather than about an individual case, as that is sometimes a rabbit hole in which people can disappear. In general, we recognise that there must be an incentive for the customer to support a proposal. We are pragmatic business people. We are commercial and recognise that in a commercial world if we would like somebody to do something, there is incentivisation. That incentivisation can be either that after a certain period of performance, there could be a period of further enhancement from the customer's perspective. It is a commercial arrangement with a customer but we recognise that there must be an incentivisation for somebody to co-operate. It could be a disincentivisation of going legal or a positive disincentivisation, putting something in it for the customer in order to co-operate. That is the way we try to operate.
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