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

Mr. Wim Verbraeken:

I do not think my statement contradicts what the Deputy says. After the first instance of reporting, the Central Bank prompted us and voiced its concern about the procedures of the bank related to that issue. That led to an in-depth investigation of the matter by the bank and the discovery of further historic breaches.

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