Oireachtas Joint and Select Committees

Tuesday, 19 June 2018

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

Business of Joint Committee
Matters Relating to the Banking Sector: Ulster Bank

1:30 pm

Mr. Paul Stanley:

We are endeavouring to have the bulk of them dealt with by quarter three, certainly by the end of the year, but there will always be some complicated cases that will run. The other thing is there is an appeals process available to customers. It runs for 12 months from the date of advice; they could, therefore, continue the process for longer than the date that we will initially remediate or compensate them.