Oireachtas Joint and Select Committees

Thursday, 12 October 2017

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

Banking Sector in Ireland (Resumed): Savings Banks Foundation for International Cooperation, Irish Rural Link and Public Banking Forum of Ireland

9:30 am

Mr. Seamus Boland:

We are happy in so far as we know the report is there. We do not know if it has been completed and there are changes in the new Department which means we have to wait and see what happens. In all seriousness, we want to see the report back in the Department of Finance. It is that Department which will lead on this one way or the other. While we do not know what is in it, we are also clear that the report must engage seriously with stakeholders like us to look at the detailed perspective we have put forward for the first of these banks. We are not sure it will, but we would be happy to be surprised if it does. Any report that dismisses the proposal out of hand will, in effect, dismiss a major banking success story in Europe, in particular in Germany. As such, we want the Department of Finance to take it seriously.

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