Bank demands banking laws overhaul

RESERVATIONS about major reform of the Irish retail banking industry have been expressed again by Bank of Scotland Ireland (BOSI).

Bank demands banking laws overhaul

In a submission to the Competition Authority, BOSI chief executive Mark Duffy highlighted the major barriers to competition.

These included the difficulty in getting access to the money transmission system through Irish Payment Services Organisation (IPSO), the problems of switching accounts and the lack of transparency in pricing.

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