Oireachtas Joint and Select Committees

Thursday, 14 December 2017

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

Paradise Papers (Resumed): Allied Irish Banks

9:30 am

Photo of Paul MurphyPaul Murphy (Dublin South West, Solidarity) | Oireachtas source

AIB introduced a centralised transaction processing and data storage capability in the Republic in 2006, at which point the subsidiaries in the Isle of Man or Jersey were not being wound down. They were still operating and presumably had billions of deposits at that stage.

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