Oireachtas Joint and Select Committees

Thursday, 24 November 2016

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach

Banking Sector in Ireland: Allied Irish Banks

9:30 am

Mr. Robert Mulhall:

The tracker product was withdrawn in the first place because the cost of funding was no longer aligned to the ECB rate. The dysfunction that happened in the financial markets meant it was not viable to run this product.

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