Oireachtas Joint and Select Committees

Tuesday, 28 May 2019

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

Matters Relating to the Banking Sector (Resumed): Pensions and Investment Research Consultants Ltd

Mr. Tim Bush:

Absolutely. The best indication of the effectiveness of the recommendations of the UK Parliament and the Competition and Markets Authority is the extent to which the big four are lobbying against them. They will start their sentences by saying they support some of the recommendations or that they welcome the report, but when it gets down to it, they do not like it. My understanding is one of the big four wants to seek a judicial review to challenge the split.

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