Oireachtas Joint and Select Committees
Thursday, 20 December 2012
Joint Oireachtas Committee on Finance, Public Expenditure and Reform
Role and Contribution of Public Interest Directors in Financial Institutions: Discussion
11:45 am
Mr. Joe Walsh:
The insolvency legislation was passed last night and I have not seen it. However, I can state categorically that Bank of Ireland will comply with its provisions. As a public interest director, I will ensure that happens. When all avenues have been exhausted in respect of people who have distressed mortgages and a loan is irrecoverable, it will have to be accepted that one cannot knock blood out of a turnip, as they say in my part of the country.