Oireachtas Joint and Select Committees
Tuesday, 20 December 2016
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
Banking Sector in Ireland: Central Bank of Ireland
11:00 am
Mr. Ed Sibley:
We are working hard with the banks to ensure appropriate redress and compensation schemes are in place for the customers who have been affected by this. Our powers are limited by whether we can use the 2013 change retrospectively for harm that was caused before 2013. We are engaging with all the banks to make sure people who have been harmed by this issue are compensated and redress is made in respect of them.
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