Finance Committee to continue hearings on banking sector and matters in relation to Carillion collapse

Committee Chairman John McGuinness TD said: “At our meeting, the Committee will hear from Bank of Ireland Group Chief Executive Francesca McDonagh. The meeting will focus on Bank of Ireland’s future strategy, in particular customer service plans, lending practices, the tracker mortgage issue, including redress for customers, mortgage interest rates and arrears, IT services , restructuring in the sector and the impact of regulatory requirements in the banking sector overall regulation within the banking sector. We will also examine wider issues facing the banking sector, including Brexit and its implications for the financial/banking sector and the EU-wide bank stress tests”

In the second part of our meeting, the committee will resume its hearings in relation to the Carillion collapse. Carillion, a major provider of public buildings and services in the UK, was contracted to build five schools and one further education college in Ireland under a Public Private Partnership deal reached by the Department of Education and the National Development Finance Agency. The Committee will hear from impacted sub-contractors in this regard.”

The meeting will start with scrutiny of EU Legislative Proposals:

Schedule A: COM(2018)281 on EU Solidarity Fund - payment of advances for 2019; COM(2018)373 on Mechanism to resolve legal and administrative obstacles in a cross-border context; COM(2018)374 on Provisions for the European territorial co-operation goal (PEACE & INTERREG programmes).

The Committee will meet at 9.30am in Committee Room 2, Leinster House and proceedings can be followed here.

Committee proceedings can be viewed live here and can also be viewed on the move, through the Houses of the Oireachtas Smartphone App, available for Apple and Android devices.