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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