Oireachtas Joint and Select Committees

Thursday, 28 September 2017

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

Banking Sector in Ireland (Resumed): Permanent TSB and KBC Bank

9:45 am

Photo of Pearse DohertyPearse Doherty (Donegal, Sinn Fein) | Oireachtas source

I presume it is at least false marketing if the bank is not going to honour it. That is entrapment. In 2006 most of the bank's product was sold through brokers. If a broker tells me that I can fix the rate and it will automatically roll on to a tracker, I enter into the contract in good faith. Would the witness accept that?

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