Donohoe to launch banking review this week

Review expected to cover the State’s shareholding in banks and the role of ‘fintech’ firms and non-bank lenders in servicing SME and mortgage lending needs

Finance Minister Paschal Donohoe has presented the terms of reference to the Cabinet.

Finance Minister Paschal Donohoe plans to formally launch the Government’s long-since promised review into the banking sector later this week.

It is expected that the minister — who, in the summer, suggested a review was forthcoming —
will announce, on Thursday, that the review will be carried out by the Department of Finance and that it will run for around 12 months.