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

We have to conclude our meeting, but I want to put three things to the witnesses. I will be brief. Under legislation, personal insolvency practitioners are obliged to open accounts for their clients. Whoever their clients may be, they open the accounts in the course of assisting them.

My understanding from correspondence I have received is that the banks are refusing to open those multiple accounts in relation to personal insolvency practitioners, PIP. Is that the case and, if so, why? I have correspondence that relates to AIB, Bank of Ireland and others in terms of them refusing to open the account.