Oireachtas Joint and Select Committees

Tuesday, 21 February 2017

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach

Banking Sector in Ireland: Discussion (Resumed)

4:00 pm

Photo of Rose Conway WalshRose Conway Walsh (Sinn Fein)
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Mr. Kissane's absolute confidence in the Central Bank in terms of sorting this out is difficult to understand. We had representatives of Ulster Bank before us and they committed to having most of it sorted out by Christmas and anything else early in the new year. All the Ulster Bank customers I know are still waiting. They are still getting the letters they have been receiving for the past number of years saying that it is being dealt with but they do not see any action on whether they are inside or outside the redress scheme. It really concerns me that Mr. Kissane thinks lines of defence rather than resolution are being sought out and that is what is causing the delay. The consumer protections role of the Central Bank for those people is not obvious to me.