If left unaddressed, this weakening of market discipline creates an unlevel playing field for smaller institutions, which may not be able to raise funds as cheaply, even if their individual risk profiles are better, or at least no worse, than those of their larger competitors.
As I indicated already, the issue of overcharging by AIB is the subject of an independent investigation which will report to the Financial Services Regulator and AIB. Recent developments When Liam O’Reilly and his team were before you in recent days they gave you information on the background to their investigation into the foreign exchange charging issues within AIB.