Dáil debates

Wednesday, 3 March 2021

7:35 pm

Photo of Neale RichmondNeale Richmond (Dublin Rathdown, Fine Gael) | Oireachtas source

I am not going to try to do mental arithmetic but I want to speak for 30 seconds and put a question to the Minster. Many people have spoken about the dark past fortnight for the Irish banking system. So many customers and staff have been impacted. Many of us know, however, that this has been going on for some time. It has been going on since before the crash, when so many of our financial institutions were either wound up, taken over or moved on. I would appreciate whatever response the Minister can give and I look forward to questioning the Central Bank when its representatives come before the finance committee, under its Chairman, Deputy McGuinness, in due course.

Is the Minister comfortable and happy with the regulatory system we have in Ireland? Are customers getting the best options and value for money? Is it a banking system in which we essentially only have two or three banks left with another looking at the exit door? Is that sustainable? What can be done?

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