Oireachtas Joint and Select Committees

Thursday, 5 October 2017

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

Banking Sector in Ireland (Resumed): Ulster Bank

9:30 am

Mr. Gerry Mallon:

Yes. That process has commenced. As I said in my opening remarks, there has been a slow start to that process because it is so complicated and there is such a great degree of manual calculation required. A period of quality assurance is required and there is due diligence required in respect of the decisions we are making. As of today, we have got to fewer than 40 customers in terms of that remediation.

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