Oireachtas Joint and Select Committees
Thursday, 17 November 2022
Public Accounts Committee
2021 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Office of the Minister for Finance
Finance Accounts 2021
2021 Report on the Accounts of the Public Services of the Comptroller and Auditor General
Chapter 1 - Exchequer Financial Outturn for 2021
Chapter 2 - Net Cost of Banking Stabilisation Measures
Chapter 22 - Ireland Apple Escrow Fund
9:30 am
Mr. John Hogan:
It is against that background we see that we have five retail banks currently here, two of which are departing at this stage with all sorts of changes in the international and external environments. Digitisation is becoming much more of a feature of how people want to conduct and manage their banking business.
The other thing we have seen is the growth of non-bank lenders that are looking at particular niches or areas of intervention into the banking market. That is becoming an increasing feature, not just here but internationally-----