Oireachtas Joint and Select Committees

Thursday, 11 April 2019

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

Matters Relating to the Banking Sector: Allied Irish Banks

Photo of Rose Conway WalshRose Conway Walsh (Sinn Fein) | Oireachtas source

I would like to go back to Dr. Hunt, who is starting a new position. Will he re-examine the compensation payment of €1,615 with regard to the tracker issue? Can he understand the sense of unfairness people have? It is not just about the unfairness they feel; there will be legal cases challenging the small amount being offered. Would it not be worthwhile to revisit the matter for the 4,000 people who are affected and see if provision can be made out of profits of €1.25 billion? Even as a public relations exercise for the bank, it might be worthwhile to re-examine that and conclude that €1,615 is a minute amount.

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