Oireachtas Joint and Select Committees

Wednesday, 21 September 2022

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

Banking Issues: Discussion (Resumed)

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

I hope the Minister knows that it is this type of carry-on, and the carry-on of the respective bodies that I have mentioned which have failed to do what they should be doing, that actually gives the whole political system a bad name. I heard the Minister's reply in relation to EBS. I will continue to pursue the matter. The committee decided earlier that we will invite in some EBS tied agents again to continue to keep the pressure on them. Just like those involved in the tracker mortgage issue, these people and their families are being hung out to dry by AIB. I am sure that when they read the findings of the Central Bank, they must be utterly disgusted that they are dealing with that type of organisation. I do not paint all of the employees in AIB with the one brush, but I certainly question the culture of its board and the management. Any reasonable person would do that.

I have a second question for the Minister. Is he surprised that there was no clear-out of directors, no sanction of managers at a higher level or anything like that? Is the Minister surprised that the Central Bank imposed a fine of €119 million and gave a reduction of 30%, and then would not disclose anything after that? We are not being served well, are we?

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