Rose Conway-Walsh (Mayo, Sinn Fein) | Oireachtas source

It is all mine. I am here on my own. I thank Mr. Palmer for his concise opening statement and for presenting the legislative context under which the financial institutions have to deal with fraud. Mr. Palmer stated we are currently operating under this second payment services directive, PSD2, which was transposed into law in 2018 and that this directive provided that for unauthorised actions, the payer must be immediately refunded the amount of the transaction. I have previously dealt with cases of unauthorised fraud where the bank said it would need up to six weeks to ascertain whether the fraud was authorised or unauthorised. Is it permitted under the directive or the legislation transposed into Irish law that they would take six weeks to do that?