Oireachtas Joint and Select Committees

Thursday, 21 September 2017

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach

Banking Sector in Ireland: Bank of Ireland

9:30 am

Mr. Liam McLoughlin:

The remedy and compensation arrangements are nearly finalised. They are with the bank itself for final approval because they are not approved ultimately by the Central Bank. They are approved by the bank itself. As I said in reply to Deputy McGrath earlier, my expectation is they will be paid in the next number of months and, hopefully, all will be paid before Christmas.

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