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

The next issue relates to insolvency. We had a number of complaints from people and I have put this question to the banks, so I will put it to the Minister now. In the context of insolvency, people are finding it difficult to open accounts with banks on behalf of the clients of a practitioner. Both AIB and Bank of Ireland indicated they would investigate why that is the case. Perhaps in the Minister's discussions with the banks, this is an issue. It is set out in legislation how these people should behave and one of the requirements is that they must open a bank account for their client. There was an issue with some of the banks and we want to get to the bottom of it. The Minister might send us a note on the matter.

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