Oireachtas Joint and Select Committees
Wednesday, 6 March 2019
Joint Oireachtas Committee on Rural and Community Development
Banking Legislation: Discussion
Mr. Jim Connolly:
One thing that has occurred to me and that has escaped the debate so far is that in respect of a large percentage of the property, the bank's records are so incomplete it is not possible to establish ownership. It does not know who dropped in the item and has no record to support it. There may be no evidence within the item as to who might own the property. A large amount of it is going to be deemed lost. We also need to be cognisant of that aspect.
This debate has been really useful and I thank the Chairman for giving me the opportunity to share my thoughts. I particularly thank Deputy Ó Cuív for his support. I will remain available to the committee to fill in any of the blanks or add colour, where necessary. I am really grateful for the profile this issue has been given.
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