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. Bernard Byrne:

This is a very interesting point because the evidence in front of us is the evidence based on the market that exists. In other words, the number of people who make it through will be based on the rules that exist at this point in time. It should not be circumstantial, it should be evidential of the rules being applied.

Therefore, it is not a sign of pent-up demand or issues that did not make it through. It should not be seen as pointing to there being no bigger market because the statistics do not support that. We think there is more demand but the rules led to this conclusion.

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