Oireachtas Joint and Select Committees

Tuesday, 12 March 2019

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

A Future Framework for Accountability in the Banking Sector: Discussion

Mr. Gary Tobin:

I personally think it is important that the functions should be separate. From the perspective of the taxpayer, our primary responsibility as shareholder is to get our money back as quickly as possible and, hopefully, make a little profit. It is important that the shareholding team has a commercial mandate to realise as much of a return for the taxpayer as possible. I totally understand the point that has been made about us using the influence we now have as shareholder.

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