Oireachtas Joint and Select Committees

Thursday, 4 April 2019

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

Matters Relating to the Banking Sector: Bank of Ireland

Photo of John McGuinnessJohn McGuinness (Carlow-Kilkenny, Fianna Fail) | Oireachtas source

My point is that for Mr. McMahon and the bank dealing with these people, it is serious. Their house is on the line and they are offered an independent assessment because there is a dispute, but what they receive is another arm of the bank conducting the independent assessment. That was my experience in one such case. Why does the bank do that? Why not give it to someone truly independent, outside of the bank? There are not many such cases but where they arise, people expect independence.

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