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
Pearse Doherty (Donegal, Sinn Fein) | Oireachtas source
It was the senior management. I am aware that the bank reported further instances later. However, in 2013 the Central Bank raised concerns. The Central Bank said that in June 2013 it raised concerns with the firm regarding its compliance with the code and required the firm's internal audit department to carry out a review of its compliance with the Central Bank's codes generally.
Is Mr. Verbraeken stating that is not true and that it was actually KBC, as he just said, that informed the Central Bank of these breaches?
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