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

It will not just be the Central Bank, but also the courts. The biggest shareholders in AIB are the Irish people. A large cohort of these people are in the process of taking High Court challenges. There will be a huge cost to the bank for that, and the beneficiaries will be those working in the legal system, who do not need more money. This could be righted by re-examining the matter and talking and listening to customers. That would seem to be a much better way of fixing the problem than dragging people through the courts and paying out large legal fees.

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