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

2:40 pm

Photo of Michael McGrathMichael McGrath (Cork South Central, Fianna Fail)
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To return to Mr. Sheridan, he said in the second paragraph of his opening remarks that the job of the Central Bank under section 149 is to ensure the right balance is struck between credit institutions recovering costs of providing services and that the charges they impose on personal and small business account holders are reasonable and appropriate. Are we getting that balance right at this point in time?