Oireachtas Joint and Select Committees

Thursday, 1 December 2016

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

Banking Sector in Ireland: Ulster Bank

9:30 am

Mr. Gerry Mallon:

The fact that it has taken a long time to resolve this is not something we are proud of. People are working very hard on this. We need to get to an agreed and high level of clarity in respect of exactly who is impacted. We do not want to get this wrong. We want to get it right for people. We have been working extremely hard on this. Again, I apologise to those who have been impacted by this and those who have been impacted by the delay. It is not right. All I can do is say that we will continue to put a lot of resources and effort behind it to make sure we resolve it as quickly as we can.

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