Oireachtas Joint and Select Committees

Tuesday, 9 March 2021

Public Accounts Committee

Strategic Banking Corporation of Ireland: Financial Statements 2019

9:30 am

Mr. Ian Black:

To be fair, the auditors do a sample of transactions. It is to cover, at a high confidence level, that they are satisfied the controls are operating as intended. Our focus is to ensure that the financial benefit we are giving is being passed on in full to the SME, and that is through the lower interest rates.

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