Oireachtas Joint and Select Committees

Wednesday, 17 April 2013

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Bank Charges: Discussion with Central Bank and ISME

2:20 pm

Mr. Bernard Sheridan:

I need to make two points in response. First, I emphasise that we do not have the power to go back. If they stand notified from 1996, they stand notified today. There is no power to review them. Second, taking a wider perspective on the charge, I remind the committee that we look at what others are charging and the impact of the extent of the increase in real terms, as well as in percentage terms.