Oireachtas Joint and Select Committees
Wednesday, 20 September 2023
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
Banking Issues: Central Bank
Ms Derville Rowland:
Yes, I am in complete agreement with you. The categories in the redress scheme include compensation and a full refund for customers where there was an unsuitable sale. That is the first category in the redress scheme. We are in full agreement that where a sale was unsuitable, banks have promised to give customers a full refund of the investment including time value of money.
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