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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