Oireachtas Joint and Select Committees

Thursday, 12 March 2015

Public Accounts Committee

Revenue Commissioners Investigation of HSBC Offshore Accounts

10:00 am

Mr. Niall Cody:

Yes, there is a small Irish footprint. One interesting thing about some of the coverage of what happened in respect of United Kingdom clients is that the Swiss entity was far more proactive, in that its representatives visited high-wealth individuals who had money in London. They visited them in London in respect of savings directive issues. The reality is the type of money that was involved in the Irish cases was not massive and I doubt it was hugely on the radar of HSBC Private Bank (Suisse).