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

Can Dr. Hunt give us an idea of where the bank is focusing? Deputy Tóibín raised a question on the community bank. It constantly comes up here, as does the use of credit unions and regulation from the Central Bank of Ireland. It might inform the committee members if we can get each of the banks not to tell us anything about their commercial end of things, but generally how banks are being viewed both in the European Union and worldwide, and particularly then how they are going to introduce the types of developments we are seeing elsewhere into the banking system in Ireland. Do the witnesses have any information that would help us view that? We did not touch on it today but it is something to which we will come back. It would be helpful if we had a basis for that conversation in terms of a view the bank is taking. As I said, It need not be specific decisions the bank wants to take.

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