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

Mr. Andrew Blair:

Senator, the first step in the process is to try to deal with the customer side of this. We have not moved on to any consequential steps that might be required as a result of that. It is fair to say that the incentive arrangements that exist are subject to a very different environment today than might have existed in the years 2004 to 2008 in terms of both oversight, clawback and so on.