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

Photo of Michael CreedMichael Creed (Cork North West, Fine Gael) | Oireachtas source

I have a few questions on personal insolvency arrangements where the bank has used a veto on proposals. I accept what has been said in terms of statistics and influence and that across the industry they are the lowest. In what circumstances does the bank veto a proposed deal?

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