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
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The tracker product was withdrawn in the first place because the cost of funding was no longer aligned to the ECB rate.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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