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

The last thing I wish to ask Dr. Hunt, and he would not leave the room unless I asked him because he would feel the meeting was incomplete, is about EBS. I listened to other colleagues ask Dr. Hunt questions and to the responses he gave. They spoke about a campaign of dishonesty against AIB customers and AIB failing to act honestly. Dr. Hunt's general response was to address those comments. He talked about being fair to customers. I have gone through all this with Dr. Hunt previously. We heard from EBS tied agents who previously appeared before the committee, some of whom have since passed away.

I know a very heavy legalistic approach is being taken in that regard. I propose to hear again from those individual cases and bring the issue to a level of awareness that will force the bank to do something because I feel that nothing is happening there. I am sorry; there may be something happening but it is not happening at speed and the tied agents feel hard done by. If Dr. Hunt is cleaning up the act of the bank arising from all of the past issues, surely he is going to put some speed into the process to resolve the EBS tied agent issue.

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