Oireachtas Joint and Select Committees

Wednesday, 1 December 2021

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

Withdrawal from Irish Banking Market: Engagement with KBC

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

We know, as part of the scandal, there is a "stop the harm" principle in the Central Bank. KBC adopted a "continue the harm" principle during this process. Despite the intervention of the Central Bank, KBC continued to overcharge customers incorrect rates and continued to repossess homes, despite the fact it was as a result of its own malpractice. Has Mr. Blažek been able to ascertain who continued that harm principle, despite the intervention of the Central Bank? What action, if any, has been taken against senior officials on that?

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