Oireachtas Joint and Select Committees

Tuesday, 10 July 2018

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

Matters Relating to the Banking Sector: KBC Bank

2:00 pm

Mr. Wim Verbraeken:

As the administrative sanctions procedure is actually a voluntary process, it is KBC that is conducting the examination of its records. It includes the retrieval of hundreds of thousands, if not millions, of documents from ten years ago. They are being reviewed for relevance and their value to the process. As I said, it is very premature to draw any conclusion from it.