Oireachtas Joint and Select Committees

Thursday, 1 February 2018

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

Tracker Mortgages: Ulster Bank

9:00 am

Photo of Gerry HorkanGerry Horkan (Fianna Fail) | Oireachtas source

It is very unfortunate that a CEO who has six months left in that position is not before the committee. Mr. Stanley is getting the brunt of what he would probably get. It would have been to Mr. Stanley's benefit if he was here. My understanding is that Richie Boucher was either on holidays or was going within a very short number of weeks, after a very long time in the bank. Mr. Stanley has told us that this individual will be there for a further six months. This meeting has not been half as helpful as it might have been had he been here and if we had much more data on the 1,200 or 1,400 customers. The fact that the 1,200 or 1,400 is around one third of the confirmed customers paid is far behind everyone else, which Mr. Stanley has confirmed.

I do not have much more to raise here because it has all been covered already. In view of the closed period issue and lack of data, I do not have much more to raise.

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