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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