Oireachtas Joint and Select Committees

Thursday, 9 May 2019

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

Matters Relating to the Banking Sector (Resumed): Ulster Bank

Photo of Pearse DohertyPearse Doherty (Donegal, Sinn Fein) | Oireachtas source

What about those who had to employ the services of professional financial service advisers to help fight the bank and try to force it to acknowledge its wrongdoing? Has the bank agreed to cover the costs of the financial advice? I am not talking about the sum of money the bank allocated for independent advice as part of the tracker examination.

I am talking about people who hired expertise to force the bank to own up in the first instance, who have been involved in this for almost a decade and who have incurred significant costs trying to build a case to convince the bank that it had wrongly, illegally or whatever term we want to use taken their money and withheld it from them.

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