Oireachtas Joint and Select Committees
Wednesday, 1 February 2023
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
Engagement with Ulster Bank and KBC Bank Ireland
Ms Jane Howard:
To revoke the licence, one cannot keep credit balances for customers. One would not be able to do payments for customers. Once one revokes the licence, one would not be able to offer a service. It is certainly not our intention to have ongoing business here in Ireland once we revoke the licence.
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