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

Photo of Michael McGrathMichael McGrath (Cork South Central, Fianna Fail) | Oireachtas source

I accept that. The priority should be to look after the customers but I would assume that with a cock-up of this scale, which is not unique to Mr. McLoughlin's bank - and we will question the other banks as well - Bank of Ireland would have carried out its own internal investigation as to how it happened. How is it that thousands of customers were wrongly denied a tracker rate to which they were contractually entitled? Has the bank got to the bottom of how that happened?

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