Opening statement by Minister Donohoe to Seanad Ãireann on the Future of Banking in Ireland
Thank you Cathoirleach for the opportunity to discuss the future of banking this afternoon.
I will open todayâs discussion by updating you on what I see as some of the key issues: the impact of COVID-19 and our response; the changing retail financial sector environment and the challenge for banks to secure an appropriate return; as well as the continuing effort to improve regulation and rebuild trust in the banking system in this country through measures such as the Senior Executive Accountability Regime (SEAR).