Oireachtas Joint and Select Committees

Tuesday, 27 February 2024

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

General Scheme of the Access to Cash Bill 2024: Discussion

Mr. Oliver Gilvarry:

The criteria we have built in there for the designated entities relate to the number of current accounts and the level of deposits. There is a framework there, if new entrants come in, that once they hit certain thresholds they will then fall in and would become one of the designated entities but at the moment it would be the three domestic banks that would be subject to it as designated banks.