Oireachtas Joint and Select Committees
Tuesday, 4 April 2017
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
Banking Sector: Quarterly Engagement with Central Bank of Ireland
10:00 am
Mr. Bernard Sheridan:
No doubt, yes. The framework we have set out includes principles for redress and compensation. There is a potential issue in a liquidation as to where the claim for compensation would rest in a liquidation. That is a potential issue. As far as we are concerned the framework covers redress and compensation across all lenders but we are engaging with the liquidator on those specific issues.
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