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

I thank Deputy Smith. The Minister of State, Deputy Fleming, my officials and I have had regular contact with the Financial Services Union, FSU. Over the past year in particular, in light of the rate of change in the sector, this has included increased engagement in relation to the future of banking. The issues that the Deputy has referred to are serious. I am well aware of the different developments he has detailed and the concern they have caused in the community that he represents. I will finalise a memorandum to bring to Government in the coming weeks on the terms of reference for a review of our banking sector. Once they have been presented to Government, I intend to publish the terms of reference shortly afterwards. This process will involve ongoing engagement with a wide range of stakeholders, including the Financial Services Union.

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