Thursday, 18 February 2021
Ceisteanna ar Reachtaíocht a Gealladh - Questions on Promised Legislation
I want to go back over the exchange the Tánaiste had on Ulster Bank during Leader's Questions and the difficulties that will happen tomorrow when NatWest announces its decision on Ulster Bank. It is vitally important that Ulster Bank is maintained to generate that third force within the banking industry in Ireland. The Minister for Finance is not an innocent bystander in this. We own a 75% stake in Permanent TSB so we can go in and say that we can take over the retail responsibilities of the bank and provide that third force. We should be putting that up to Ulster Bank or NatWest to make sure that is within their consideration, and that is vitally important. I would ask that the Tánaiste would ask the Minister for Finance to make sure that is done so that we can manage our own move away from the banking system.