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

Photo of Michael D'ArcyMichael D'Arcy (Wexford, Fine Gael) | Oireachtas source

I know Mr. Mallon was questioned at length about the global restructuring group issue earlier. I read online that Mr. Mallon said he does not perceive the need for a Central Bank investigation. The Governor, Professor Lane, has indicated to me in a letter that the Central Bank is engaging with Ulster Bank on the issue. Can Mr. Mallon clarify what that means? What is the engagement between the Central Bank and Ulster Bank on the issue of the GRG?

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