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:

Maybe I could say that what we did provide were the disclosures which we have in relation to the remuneration report, which is in our accounts. We fully adhere to all the disclosure requirements which we have as a subsidiary of Royal Bank of Scotland. The disclosure requirements for the primary company, as opposed to the subsidiary, are somewhat different and the disclosure requirements for covered banks are slightly different from a bank such as Ulster Bank, which is not among the covered banks. I apologise if the Deputy finds this unhelpful but it is our intention to be as helpful as possible. What we supplied was the information which is a matter of public disclosure and public record in the best way that we could.

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