Oireachtas Joint and Select Committees

Tuesday, 28 May 2019

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

Matters Relating to the Banking Sector (Resumed): Pensions and Investment Research Consultants Ltd

Mr. Cormac Butler:

Banks will be unable to use a defence that English law is different to Irish law on this issue. If one was to examine "The Future of Audit" report and present the findings to the bankers, they would not be able to challenge it on the grounds that it is British law and does not apply here; it does.