Terence Flanagan (Dublin North East, Independent)
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59. To ask the Minister for Finance if he is concerned regarding recent reports on Ulster Bank; if he will have an investigation conducted regarding a matter (details supplied); and if he will make a statement on the matter. [52331/13]

Michael Noonan (Limerick City, Fine Gael)
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I am aware of the content of the report to which the Deputy refers. My officials met with Ulster Bank officials last week after the publication of the report and were assured that the allegations raised were not happening in Ireland. There is no reference to Ireland in the report. I understand that RBS has appointed Clifford Chance to independently review the treatment of distressed customers by the Global Restructuring Group and report in the New Year. I also understand that the findings will be applied across the RBS Group.

I would have to say that the allegations are serious and I would be extremely concerned if similar actions were taken by Ulster Bank here. I am aware of media reports that Mr. Tomlinson will be visiting Ireland in the New Year to meet business people who allege that they were the victims of improper forced defaults by Ulster Bank. I look forward to the outcome of that meeting.