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
Michael McGrath (Cork South Central, Fianna Fail) | Oireachtas source
Taking the particular issue I have raised, at a minimum the Central Bank would have to come out and have some form of public information or awareness to say a certain category of customer may be informed by the bank it has not been impacted but the Central Bank would advise those customers to pursue it and challenge it. We cannot have a situation where a bank is writing to customers telling them they are not impacted, but the regulator knows they have been impacted and the customers do not know this. Ms Rowland has to see this point and I ask her to consider it.
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