Oireachtas Joint and Select Committees
Wednesday, 30 June 2021
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
General Banking Matters: AIB
Dr. Colin Hunt:
I will kick off with this senior executive accountability regime. Then, I will hand over to my colleague, Ms Dooley, to give some colour on the other issues. We have been operating with the senior manager regime in Britain for a number of years. We will take away the learnings we have had from that experience. Preparation work is now well under way within the organisation now. We want to be an early adopter, once this legislation comes in. We want to be fully compliant with the legislation as quickly as is possible, because we see the strong rationale for it. We see a strong merit in it. Ultimately, it will benefit the organisation as well as the wide group of stakeholders that I referred to earlier. It is a key focus for us. We see it as intrinsically linked to the long-term sustainability and stability in the organisation. We are committed to introducing it at pace and in full.