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SENIOR FIGURES IN Ulster Bank are set to be grilled by the Oireachtas Finance Committee today as the bank continues to struggled to deal with major problems facing customers.
The bank refused to say whether CEO Jim Brown will appear before the committee.
A spokesperson said to TheJournal.ie that the bank has engaged with government “at its most senior level” but that it won’t comment on who will be appearing at the committee.
It is expected that the Ulster Bank representatives will make a statement about recent events before the floor is opened up to questions from the Oireachtas members. The committee is made up of 21 TDs and 6 Senators.
The committee yesterday met with Central Bank representatives who said that Ulster Bank must compensate anyone who incurred costs and charges because of the disruption.
“We know customers are frustrated and they are right to be,” Ulster Bank CEO Jim Brown said yesterday. Many customers are still experiencing delays in payments being received into their accounts, more than two weeks after the initial technical problem was identified on 19 June.
The meeting of the joint Oireachtas Committee on Finance, Public Expenditure and Reform starts at 2.30pm in Committee Room 4 in Leinster House and TheJournal.ie will be running a liveblog to follow events this afternoon.
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Hang on a second !
Hold on there now…time lord is a legit occupation?
This is great news. I’m really going to use this extra time to catch up on all those little jobs I’ve meaning to get around to, or perhaps a lie in would be better.
I had an anti climax once. She met a fella on a cruise after a few vodkas.
I don’t understand most of that.
Good. I work in IT and the more people who do not understand it, the more we can charge (rubs hands with glee, pets white cat on lap…. muohahahah !)
As the earth’s rotation slows, days are getting longer
Y2K was a damp squib, nothing happened, but lots of it companies made a lot of money out of it.
but maybe if all that money and effort was not spent it would have been a very wet squib?
I mean a very dry squib of course.
what is a squib and why is a damp one such an anticlimax?
a squib is type of explosive , a damp one won’t explode.
……you sir, are a fountain of knowledge…. now I need to look this up, where did I leave my google?
Actually issues did happen:
http://www.cs.swarthmore.edu/~eroberts/cs91/projects/y2k/Y2K_Errors.html
Also, most bank software programmers [and this was mostly in COBOL at the time] spent a long time working crazy hours getting sh*t together and correct so that stuff like applying 99 years of credit to accounts wouldnt happen.
There is another one feasibly going to come in 2038 when the unix epoch time rolls over to zero again. Thankfully it only affects 32-bit-integer related systems, but still gonna be hilarious….
B
A squib was a very little stick of dynamite that you could buy in the boys store before all this health and safety nonsense took hold. When a kid was allowed matches you could light them to blow up little bunkers of sand where the enemy toy soldiers were, classic.
God says: To me a thousand years is but a second. However I will grant you your greatest wish.
Pope Francis: Okay God I wish to win the Euro Lotto €180,000,000.
God says: Your wish is granted!! Wait a second!!!!!
Is it April the 1st?
If it was that would be nearly 4 months less.
This is very confusing
It isn’t really confusing.
I’m delighted for you. But I find it is.
A day lasts 24hrs because that’s how long it takes to spin around once. Except that its always gradually slowing down so the eggheads add an extra second to one particular day every few years to compensate. This angers god hugely, who retaliates by setting off volcanoes and smiting old people, etc.
have your say