Dáil debates

Thursday, 25 October 2018

Ceisteanna - Questions - Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions

Banking Sector Reform

10:45 am

Photo of Paschal DonohoePaschal Donohoe (Dublin Central, Fine Gael) | Oireachtas source

Those customers and citizens who are concerned - I share that concern - about the need for accountability and redress should be cognisant of the amount of money that has now been correctly returned to customers who were wronged.

The inquiry is being led by the director general of the Central Bank. The Deputy mentioned his hope that there would be a single and clear answer. My expectation is that there will be many different answers to this. I only need to reference the recent tribunal report from the Charleton inquiry to point to the fact that, at the root of great difficulties that we have to confront, many factors tend to be at play. I am not going to prejudge what the Central Bank will do, but I have absolute confidence in the focus and effort that it is putting behind understanding why this happened. I have seen at first hand its determination to ensure that the right level of sanction is applied and customers get their money back. I will continue to work with the Central Bank on dealing with this issue.

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