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

I believe that Ulster Bank Ireland is getting a good deal. I suppose that the whole issue is the moral aspect. I am aware that the Government allows the banks to do this with deferred assets and so on but when we are in a situation with such homelessness - and considering Deputy Doherty's contribution on the vulture funds and people being given 30 days to pay up or get out - there is a moral obligation on the banks to look at things in the round, to treat Irish citizens a little bit better, and certainly not to contribute to the homeless crisis as it is.

I would like to get further clarification following on from Deputy Doherty's point because I am not clear on one part around people who needed help and assistance in trying to get back the very substantial amounts of money that was robbed from them. Many people had their lives destroyed because of it. Those people had to engage whatever supports or services they could, and not just legal services. Will Ulster Bank Ireland allow for that within the compensation scheme? I was not clear on that from the response. What is the bank's policy on that?

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