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

Photo of Kieran O'DonnellKieran O'Donnell (Fine Gael) | Oireachtas source

It is extraordinary that we have invested heavily in the banks and there are effectively dormant accounts by a different name within the vaults of those banks. I would have thought the Department could request or encourage the banks to undertake due diligence of such vaults. If there is nothing therein of substance, so be it, but if assets are found that could be used for the public good surely it is incumbent on us and on the banks to do the work in this area without incurring significant costs. It is a reasonable proposition that has captured the public imagination for a variety of reasons. It would be remiss of this committee to not seek further clarity in this regard.

Comments

No comments

Log in or join to post a public comment.