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:

It is to do with the difference between a legal interest and an economic interest. If the committee wishes I could spend the next ten minutes trying to explain the difference between a legal interest and an economic interest. Where we retain a legal interest, we have obligations and we continue to meet them.