Written answers

Tuesday, 15 February 2022

Department of Finance

Departmental Consultations

Photo of Neasa HouriganNeasa Hourigan (Dublin Central, Green Party)
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280. To ask the Minister for Finance the status of the retail banking review public consultation process; the start date of the public consultation process; and if he will make a statement on the matter. [7512/22]

Photo of Neasa HouriganNeasa Hourigan (Dublin Central, Green Party)
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281. To ask the Minister for Finance further to Parliamentary Question No. 358 of 19 January 2022, the stakeholders that have been contacted by the retail banking review team; and if he will make a statement on the matter. [7513/22]

Photo of Paschal DonohoePaschal Donohoe (Dublin Central, Fine Gael)
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I propose to take Questions Nos. 280 and 281 together.

On 23rd November last I announced the Terms of Reference for the Retail Banking Review. On the same date, I wrote to the Chair of the Committee on Finance, Public Expenditure and Reform, and Taoiseach informing him of the review and inviting any contributions the Committee or Members may wish to make in advance of the public consultation process or at any time throughout the course of the Review.

The Retail Banking Review team has commenced its work and it is well advanced in its research phase. In addition, fieldwork for the survey of consumers will begin in mid-February 2022 with results from the survey expected in April 2022

A public consultation process will be launched at a public seminar, which is expected to be held at the end of April. Members of the public and stakeholders will be invited to make submissions on issues that fall within the Terms of Reference of the Review.

Separate to the public consultation, the Review team has already written to a wide range of stakeholders (more than 100 in total) to draw their attention to the Review and to welcome submissions on issues that fall within the Terms of Reference at any time using the dedicated mailbox (bankingreview@finance.gov.ie). A list of these stakeholders is attached.

Retail Banking Review – List of Stakeholders Written To

List of stakeholders List of stakeholders List of stakeholders
ACS Ireland HBAN / DublinBIC Macra Na Feirme
Age Action Ibec Maynooth University
Alone ICMSA National Competitiveness Council
Ask About Money ICSA National Federation of Voluntary Service Provider
British Irish Chamber of Commerce ILCU National Women’s Council of Ireland
Business in the Community Ireland (BITC) Inclusion Ireland National Youth Council
Car Rental Council of Ireland Incoming Tour Operators Association (ITOA) Nevin Institute
Chambers Ireland Industry Research & Development Group (IRDG) NSF
Children’s Rights Alliance Innovation Value Institute One Family
Citizen’s Information Board INOU Pavee Point
Coach Tourism and Transport Council of Ireland (CTTC) IPAV Protestant Aid
Common Purpose Ireland Irish Cancer Society PwC Ireland
Community Platform Irish Congress of Trade Unions Restaurants Association of Ireland
Construction Industry Federation Irish Co-operative Organisation Society RGDATA
Cork BIC Irish Exporters Association SAFE Ireland
CUDA Irish Farmers Association SAGE Advocacy
CUMA Irish Fish Processors and Exporters Association Scale Ireland
Cyber Ireland Irish Green Building Council SFA
Deloitte Ireland LLP Irish Hotel Federation Simon Communities of Ireland
Design & Crafts Council Ireland (DCCI) Irish Local Development Network Smart Dublin
Irish Mortgage Holders Organisation Social Finance Foundation
Disability Federation of Ireland Irish National Organisation of the Unemployed Social Justice Ireland
Electronic Money Association Irish Postmasters Union Society of Chartered Surveyors Ireland
Event Industry Association of Ireland Irish Road Haulage Association South East BIC
Event Industry Ireland (EII) Irish Rural Link TASC
EY Ireland Irish Senior Citizens Parliament TechIreland
Family Business Network Ireland Irish South and West Fish Producer’s Organisation The Environmental Pillar
Family Carers Ireland Irish Tax Institute The Society of St. Vincent de Paul
FLAC Irish Tourism Industry Confederation (ITIC) The Wheel
Focus Ireland Irish Travel Agents Association Threshold
Friends of the Earth Ireland Irish Venture Capital Association Venue Operators and Promoters Forum / Live Nation
Friends of the Irish Environment Irish Wheelchair Association Vincentian Partnership for Social Justice
Going for Growth ISME Vintners’ Federation of Ireland
Grow Remote KPMG West BIC
Hardware Association Ireland Licensed Vintners Association
In addition, as part of its work to date, the Review team has engaged with a number of key stakeholders including the FSU, the BPFI, the Central Bank of Ireland, and the Irish Banking Culture Board.

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