Oireachtas Joint and Select Committees

Tuesday, 20 April 2021

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach

Estimates for Public Services 2021
Vote 7 - Office of the Minister for Finance (Revised)
Vote 8 - Office of the Comptroller and Auditor General (Revised)
Vote 9 - Office of the Revenue Commissioners (Revised)
Vote 10 - Tax Appeals Commission (Revised)

Photo of John McGuinnessJohn McGuinness (Carlow-Kilkenny, Fianna Fail) | Oireachtas source

I will share it with the Minister in the committee. That is a glib answer. I am suggesting that rather than let an opportunity slip we would have done more to market the banks or insist that the banks would market themselves abroad. It is as simple as that. Rather than talk down our market, and I am not suggesting the Minister is doing that, we should talk it up and see if there is an interest out there. That is all I am asking. The last election was all about reform, the change that is necessary and so on. I have seen no change at all since the Government was formed on issues like this one. That is why I am raising the Central Bank, not its role to attract players but its role to make the players currently in the market more accountable and responsible in terms of their individual actions within the bank. Outside of that I am suggesting that we will not know who might be interested in an existing bank if those existing banks that are going out of the market are simply going to sell to the two pillar banks, namely, Bank of Ireland and AIB. I am just putting forward the view.

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