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:

That is correct. For small businesses which have suffered, there is always the argument that if there was a wrongdoing, they can take the bank to court but, as Anthony Stansfeld, a police commissioner in the UK has said, that option is not open to them because the banks with always out-lawyer the individuals.