Oireachtas Joint and Select Committees

Wednesday, 14 September 2022

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

Banking Issues: Discussion

Photo of Jim O'CallaghanJim O'Callaghan (Dublin Bay South, Fianna Fail) | Oireachtas source

I will raise two issues that arose during the summer: first, the imposition of an €83 million fine on AIB by the Central Bank that was announced in June; and second, the decision that has been discussed already to propose the removal of cash services from 70 AIB branches that was announced in July. In the Central Bank investigation, AIB admitted to 57 regulatory breaches in total, including multiple instances of failing to act honestly, fairly and professionally in the best interests of its customers. Does Dr. Hunt agree that this finding is a very serious development and that to have a bank in Ireland that has behaved dishonestly in its dealings with its customers is an extremely serious issue?

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