Oireachtas Joint and Select Committees
Wednesday, 21 June 2023
Joint Oireachtas Committee on Social Protection
General Scheme of the Safe Deposits Boxes and Related Deposits Bill 2022: Discussion (Resumed)
Denis Naughten (Roscommon-Galway, Independent) | Oireachtas source
On that point, the witnesses made reference in their evidence this morning to the 100 safety deposit boxes that were opened and the report that was done by Deloitte. In this case, we are talking about something like 5% of boxes where there was no next of kin that could not be traced after opening the box and there had to be further investigations carried out. However, we have had an old institution close its doors here. Surely there is now a case study available to which Banking & Payments Federation Ireland has access in terms of the logistics and the scale of doing a project like this. As a case study on how this could actually be managed, would that be something it would be willing to share with the committee? Obviously, Ulster Bank has had to deal with this problem over recent years and it could give us an insight into the challenges and issues with this that are there. Perhaps Ms Byrne would comment on that.
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