Oireachtas Joint and Select Committees

Thursday, 13 June 2013

Public Accounts Committee

Special Report No. 72 of the Comptroller and Auditor General: Financial Regulator (Resumed)

1:40 pm

Photo of Paul ConnaughtonPaul Connaughton (Galway East, Fine Gael)
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If the bank does not reach its target and if the Financial Regulator finds out that it offered a deal to a customer and it appears a deal was completed but it does not work for the customer at all, what powers does the Financial Regulator or the Central Bank now have to ensure that they learn from it and that it will not happen again or that they will fix it properly?