Oireachtas Joint and Select Committees
Thursday, 13 November 2014
Joint Oireachtas Committee on Finance, Public Expenditure and Reform
Overview of Banking Sector: Ulster Bank
10:35 am
Mr. Jim Brown:
I acknowledge the incidents to which the Deputy referred. As I mentioned, this was interest which was owed to the bank. On the broader picture, one of the key things we have done as a result of the IT incident which occurred two years ago is to spend £750 million on improving the capabilities and resilience of our systems into the future.