Oireachtas Joint and Select Committees

Thursday, 10 May 2018

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

Banking Sector: Quarterly Engagement with the Central Bank of Ireland

9:30 am

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

This committee has invited Ulster Bank to appear before it with regard to the so-called technical glitch that left its customers high and dry with missing mortgage payments again. So far, Ulster Bank has refused to come before the committee. The committee will continue to engage. It is not acceptable. We will pursue that with Ulster Bank. In respect of the Central Bank, its role as overseer and the assurances it gave this committee and the Irish people about IT systems within Ulster Bank, how did this happen? Can Professor Lane confirm whether last Monday, Ulster Bank believed it was a bank holiday and, therefore, payments were not processed?

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