Oireachtas Joint and Select Committees

Wednesday, 14 September 2022

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

Banking Issues: Discussion

Dr. Colin Hunt:

As I said earlier, we have a very experienced, accomplished, energetic and involved board. We believed the basis on which we made this proposal was sound. We made the proposal to the board and when it became clear, as it did very quickly, that this was causing significant levels of concern among our customer base, I went back to the board and stated that the executive team wanted to reverse course on this. The board fully supported that position.