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
Professor Philip Lane:
The goal of the examination, recognising the legal framework and so on, is to push the banks to make these redress and compensation offers as quickly as possible, providing within that process for an appeals mechanism while respecting the rights, without penalty, of the affected customers to take a case to the ombudsman and the courts. It is frustrating: there is no doubt about that.
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