Oireachtas Joint and Select Committees

Wednesday, 30 March 2022

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

Engagement with the Central Bank of Ireland

Photo of Gerald NashGerald Nash (Louth, Labour) | Oireachtas source

I am sure Ulster Bank has engaged with the Central Bank to inform it as to what its plans are to support customers in that process. It has set down what appears to me at least - it may not be - an arbitrary deadline of six months, and it may have done that in agreement with the Central Bank. If the Central Bank believes that is not sufficient, will it leave it open to revision or review and demand that Ulster Bank would, for example, extend that by another period of weeks or months to allow the needs of customers to be properly addressed and to ensure Ulster Bank complies with what is a statutory code?

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