Oireachtas Joint and Select Committees

Wednesday, 24 May 2023

Joint Oireachtas Committee on Social Protection

Safe Deposit Boxes and Related Deposits Bill 2022: Discussion

Mr. Pat Leahy:

We need to distinguish between loans, financial assets, mortgages, etc., and safe deposits boxes. They are separate. Financial assets of the institutions were at interest and sold on. Other assets owned by the banks would be a matter for them to deal with appropriately. Where they have safe deposit boxes or material in storage, they may have moved stuff between branches when branches were closed down.

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