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

3:40 pm

Mr. Bernard Sheridan:

They have to submit a commercial justification as part of their notifications, part of which involves a costing for supplying the service. However, even if we can rely on their justifications, we will still consider the outcome in terms of the charges imposed and their impact on the customer. To some extent, therefore, they are part of the process but in terms of how reliable they may be, we do not rely solely on them.