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 compensation arrangements include appeal procedures, for example. If customers, when they ultimately receive compensation, disagree with the determination, there will be an appeals process. There has been a process to agree what the appeals process would look like, and which independent people would sit in on it. They have to be vetted. A number of arrangements need to be addressed and they have been substantially addressed at this stage.

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