Gerald Nash (Louth, Labour) | Oireachtas source

I welcome the witnesses to the meeting. To a degree, the issue I want to raise was addressed somewhat by the Governor and his colleague, Ms Donnery, earlier on, but it is probably more appropriate to tease this question out a little further with the other witnesses, given that they have direct responsibility for the issue of consumer protection within the Central Bank of Ireland. I want to focus my contribution, observations and questions on the issue of the exit of KBC and Ulster Bank from the Irish market. We know that those exits are imminent and this has the potential to create real problems in terms of switching and moving bank accounts from one entity to another.

As the individuals responsible for consumer protection in the Central Bank of Ireland, are the witnesses satisfied that both the exiting and receiving banks have the capacity to deal with the additional workload caused by the exit of Ulster Bank and KBC?