Oireachtas Joint and Select Committees
Thursday, 1 December 2016
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
Banking Sector in Ireland: Ulster Bank
9:30 am
Seán Sherlock (Cork East, Labour)
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Could that be published or made available to this committee? There was in the United Kingdom a process in which Royal Bank of Scotland provided €400 million to compensate small business customers.
There is a question mark as to whether or not, as a result of the GRG process, there are businesses in this State that could be eligible for compensation among the 2,000 odd businesses we have discussed. This committee will have to explore this matter further and it will endeavour to bring in people whose businesses have been directly affected by this GRG process. Does Mr. Blair foresee that compensation will be paid out to customers in this State?