Oireachtas Joint and Select Committees

Thursday, 2 March 2023

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

Debt Write-down and Debt Resolution Policies: Allied Irish Banks

Photo of Peadar TóibínPeadar Tóibín (Meath West, Aontú) | Oireachtas source

Does the bank collate any socioeconomic data on the individuals who get write-downs? Has the bank any mechanism to be able to analyse if there are patterns in respect of people who get high levels of write-down and people who get no write-down or who are squeezed for the last cent owing according to their contracts? Is any analysis done afterwards to see are there any patterns? We are all human beings and people sitting in front of certain others will behave in a certain way. Some people will be influential and will have the power to bring others along with them. Other people might have less education. Those from a lower socioeconomic background may have less individual power. Is there any analysis to ensure that is not an element of the process in the bank?

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