23 Nov 2016, 16.14
The Committee on Finance, Public Expenditure and Reform, and Taoiseach will meet tomorrow, Thursday 23rd November 2016 to resume its discussion of matters relating to the banking sector with Mr. Bernard Byrne, CEO of Allied Irish Banks (AIB).
23rd November 2016
The meeting will commence at 9:30am in Committee Room 2, Leinster House.
In a separate session at 2:30pm, the Joint Committee will discuss its report on the Rising cost of motor insurance with Mr. Eoghan Murphy TD, Minister of State for Financial Services, eGovernment and Public Procurement.
Committee Chairman John McGuinness TD, said, “Our meeting with Mr. Byrne, CEO will explore current issues in Ireland’s banking sector, with a focus on AIB’s future strategy. Members are likely to press Mr. Byrne on what can be done to assist those consumers in mortgage arrears. Other strategic priorities for AIB, including reaction to lending practices highlighted by the Central Bank and consolidation / restructuring issues in the banking sector will also be on the agenda.”
“In the second part of our meeting, members will discuss the scandal of motor insurance premiums with the Minister. The Committee will launch its report on the subject at 1pm, which will detail our recommendations for alleviating the financial pressure on consumers. This meeting with the Minister gives us a chance to present him with our final analysis of the motor insurance industry; and Government’s plans to address the dysfunction that is rampant in the motor insurance market.”
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