Oireachtas Joint and Select Committees

Thursday, 19 October 2017

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

Engagement with the Central Bank of Ireland

9:30 am

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

Let us examine this in some detail. First, eight of the financial institutions had not issued a penny in redress by the deadline and, therefore, it is not the case that they were all waiting. Even though they were entitled to and the redress element was supposed to run concurrently, they have simply not done so.

Instead, a year into the examination, the Central Bank extended the deadline by 12 months. When exactly was it extended?

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